{
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  "docSlug": "71fd571c9ac3a28d59e388a914ff8d9a",
  "documentTitle": "Factset | Investor Day Presentation Deck | 70 slides",
  "authorId": "factset",
  "authorName": "FactSet",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-04-01 00:00:00",
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  "pageNumber": 59,
  "pageCount": 70,
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  "nDataPoints": 6,
  "notes": "The slide uses a waterfall-style logic to show the impact of debt incurred for CGS on the leverage ratio.",
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  "slideHref": "/slides/019de072-7ec1-71cf-84a9-ef42e9435969/59",
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      "kind": "chart",
      "text": "Gross Leverage (Debt / LTM EBITDA)",
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      "kind": "list",
      "text": "Investment grade ratings from Moody’s (Baa3) and Fitch (BBB)\nNew credit agreement with $500 million revolver ($250 million drawn) and additional $750 million accordion feature\n$1 billion unsecured senior notes issued (5 year $500 million 2.9% coupon; 10 year $500 million 3.45% coupon)\n$1 billion pre-payable three-year term loan\nAnnual interest expense ~$50 million, ramping down to ~$40 million as term loan is repaid\nFloating rate exposure hedged with 24-month fixed rate swap",
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      "kind": "source-note",
      "text": "Based on $575M of drawn revolver as of Feb. 28, 2022 and $561M of FY22 Q2 LTM Adjusted EBITDA (excludes CGS); see appendix for Adjusted EBITDA reconciliation\nBased on additional debt incurred on Mar. 1, 2022, including $1.0B of new senior notes, $1.0B of new term loan, $250M drawn new revolver, net of repayment of $575M previous revolver\nFactSet’s expectations as of April 5, 2022. Actual results may differ materially from expectations above",
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      "kind": "title",
      "text": "Optimizing capital structure to ensure flexibility",
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