Huron Consulting Extends Credit Facility with BofA, JPMorgan
Huron Consulting announced it amended its senior secured credit facility. Among other terms, the amendment extends the maturity date of the facility from August 31, 2017 to September 25, 2018, provides for a more favorable pricing structure; and modifies certain provisions relating to acquisitions, mandatory prepayment, and unsecured indebtedness.
“The amended credit facility provides us with the financial flexibility to pursue our strategic long-term goals as we look to grow our businesses,” said C. Mark Hussey, chief financial officer, Huron Consulting Group. “It also allows us to opportunistically diversify our capital structure while improving our credit profile. We are delighted to continue our strong relationship with Bank of America and JPMorgan Chase, and are very pleased with the ongoing support from our syndicate of lenders.”