Electronic payment provider ACI Worldwide closed a new credit agreement with Bank of America as administrative agent. The agreement consists of a five-year $500 million senior secured revolving credit facility, which includes a sublimit for the issuance of standby letters of credit and a sublimit for swingline loans, and a five-year $415 million senior secured term loan facility. The agreement also allows the company to request optional incremental term loans and increases in the revolving commitment.

According to a related 8-K filing, Merril Lynch, PNC Capital Markets and Wells Fargo Securities served as joint lead arrangers and joint bookrunners. Wells Fargo Bank and PNC Bank were co-syndication agents. Citizens Bank, TD Bank, HSBC, Regions Bank and Fifth Third Bank were co-documentation agents.

On February 24, 2017, the company borrowed an aggregate principal amount of $12 million under the revolving credit facility and borrowed $415 million under the term credit facility.