KeyBank, PNC, SVB Arrange Epiq Systems Credit Facility
Epiq Systems announced that it closed a new $400 million senior secured credit facility. The facility includes a $100 million revolver due August 2018 and a $300 million term loan with a maturity of August 2020. The new facility will be used to refinance existing indebtedness and provide greater capital flexibility in support of strategic growth.
KeyBank, PNC Bank and Silicon Valley Bank served as joint lead arrangers.
Tom W. Olofson, chairman and CEO of Epiq Systems stated, “The new credit facility provides Epiq with increased capital flexibility for future potential strategic opportunities to enhance growth and build shareholder value.”
Epiq Systems is a global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration.