Daily News: August 24, 2017

BofA, Others Amend and Extend ManTech International Facility

ManTech International amended and restated its credit agreement with Bank of America as administrative agent and L/C issuer, PNC Bank as swing line lender and co-syndication agent, JPMorgan Chase Bank, Citizens Bank of Pennsylvania and Capital One as co-syndication agents, and BB&T, TD Bank and U.S. Bank as documentation agents, and the other lender parties thereto.

The amendment extends the maturity date of the revolving credit facility to August 17, 2022. In addition, the letter of credit sublimit has been increased to $75 million from $50 million.

The accordion feature that permits the company to arrange with the lenders for the provision of up to $250 million in additional commitments, and the amount of the swing line loan sublimit are the same as under the previous agreement.