Progress, a provider of infrastructure software, entered into a fourth amended and restated credit agreement that provides a revolving credit facility in an aggregate principal amount of $900 million and replaces the company’s existing secured credit facilities.

The revolving facilities under the amended credit agreement will mature on march 7, 2029. As of the closing date, the amended credit agreement has no term loan facility and there are no revolving credit loans outstanding.

“This new credit facility provides more scale and flexibility, both of which are important to support Progress’ continued growth,” Anthony Folger, CFO of Progress, said. “Taken together with the recently completed convertible notes offering, Progress is exceptionally well positioned to continue making accretive acquisitions and executing our total growth strategy.”

For the facility, JPMorgan Chase Bank acted as administrative agent; Bank of America, Citibank and Wells Fargo Bank acted as syndication agents; Citizens Bank, PNC Bank, First Citizens Bank’s Silicon Valley Bank division and TD Bank acted as documentation agents; and JPMorgan Chase Bank, Bank of America, Citibank, and Wells Fargo Bank acted as joint bookrunners and joint lead arrangers.