10:53 AM EDT, 05/17/2024 (MT Newswires) -- Accenture ( ACN ) said Friday it entered into a $5.5 billion senior unsecured revolving credit facility with a five-year term.

The revolver replaces the company's previous $3 billion facility, which was scheduled to mature April 24, 2026, according to a filing with the US Securities and Exchange Commission.

Accenture ( ACN ) said it will use the proceeds for general corporate purposes, including to backstop issuances under its commercial paper program.

The company's shares were down 1.6% in recent trading.

Price: 303.24, Change: -4.76, Percent Change: -1.55