Block Financial restates loan to extend maturity by one year

By Marisa Wong

Morgantown, W.Va., Sept. 25 – Block Financial LLC, a wholly owned subsidiary of H&R Block, Inc., entered into a second amended and restated credit agreement on Friday to amend its $2 billion first amended and restated credit agreement entered into on Sept. 22, 2016.

The credit agreement extends the scheduled maturity date under the existing facility to Sept. 22, 2022 from Sept. 22, 2021, according to an 8-K filed Monday with the Securities and Exchange Commission.

All other material terms of the credit agreement are unchanged, including the aggregate principal amount of $2 billion.

JPMorgan Chase Bank, NA is the administrative agent.

The tax preparation and financial services company is based in Kansas City, Mo.

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