RPX closed a $150 million credit facility, which includes a $100 million term loan A and a $50 million revolving credit facility. JPMorgan Chase served as administrative agent and collateral agent.

Bank of America served as syndication agent on the transaction. BMO Harris and US Bank were co-documentation agents.

The facility has a five-year term and an initial interest rate of LIBOR plus 2.5% for the term loan A and revolving credit facility, if drawn. Proceeds from the credit facility will be used for general corporate purposes including syndicated acquisitions, share repurchases, and expansion opportunities.

The RPX board of directors also approved a $25 million increase in the firm’s share buyback authorization to $100 million.

San Francisco-based RPX is a provider of patent risk management and discovery management solutions.