Vantiv amended its credit agreement with JPMorgan Chase as administrative agent.

According to a related 8-K filing, the amendment provides for senior secured credit facilities comprised of a $2.469 billion tranche A term loan maturing in October 2021, a $765 million tranche B term loan maturing in October 2023 and a $650 million revolving credit facility maturing in October 2021. A portion of the revolving facility in an amount not to exceed $100 million is available for swing line loans and a portion in an amount not to exceed $40 million is available for the issuance of letters of credit.

The tranche A term loans amortize quarterly installments equal to 1.25% per quarter during each of the first 12 quarters, 1.875% per quarter during the next four quarters and 2.50% during the next three quarters, with a balloon payment at maturity.

The tranche B term loans amortize in equal quarterly installments of 0.25% per quarter, with a balloon payment at maturity. Additionally, the second amended and restated loan agreement permits the incurrence of incremental loans up to $650 million, plus an unlimited amount of additional debt so long as Vantiv is in compliance with certain leverage ratios.

The obligations under the senior secured credit facilities are unconditionally guaranteed by Vantiv Holding and certain of Vantiv’s existing and subsequently acquired or organized domestic subsidiaries.