H&R Block announced that its wholly owned subsidiary, Block Financial, entered into a new five-year, $2.0 billion credit and guarantee agreement.

H&R Block said JPMorgan Chase Bank acted as the administrative agent, and Bank of America, SunTrust Bank, TD Bank and U.S. Bank acted as co-syndication agents for the agreement.

“I’m very pleased to have finalized this new long-term Agreement, which provides us financial flexibility for the foreseeable future,” said Greg Macfarlane, H&R Block’s chief financial officer. “By upsizing our facility and modifying our financial covenants, we have taken an important step in achieving the capital structure strategy we outlined earlier this month.”

The execution of this agreement satisfies a condition of the company’s previously announced tender offer to purchase up to $1.5 billion of its common stock. The tender offer, however, remains subject to the other conditions described in the offer to purchase, dated September 2, 2015.