Information Services has extended the company’s secured syndicated credit facility by entering into a third amendment to the amended and restated credit agreement with its syndicate of lenders.
The previous credit facility was due to become current debt on the company’s balance sheet in September 2025. As part of the amendment, the term of the credit facility has been extended to July 2029. The aggregate amount available under the credit facility remains at $250 million.
Information Services will maintain access to a $150 million accordion option (up from $100 million under the previous agreement), providing the flexibility to upsize the aggregate revolving credit facility to $400 million. In addition, the credit facility has been simplified by consolidating the two existing revolving credit facility tranches of $150 million and $100 million into a single facility of $250 million with improved pricing. A change in the covenants will also provide additional balance sheet flexibility to Information Services.
Royal Bank of Canada acted as administrative agent with RBC Capital Markets and Canadian Imperial Bank of Commerce serving as joint lead arrangers and joint bookrunners for the credit facility.
