Cogint closed a credit agreement with Whitehorse Finance as administrative agent for a new $15 million term loan. According to a related 8-K filing, Fluent, the company subsidiary, expects to draw down the entire amount before February 15, 2017.

The incremental Term Loan and Fluent’s existing $45 million term loan  are guaranteed by the company and the other direct and indirect subsidiaries of the company, and are secured by substantially all of the company’s assets and its direct and indirect subsidiaries,

The term loans accrue interest at the rate of either, at Fluent’s option, LIBOR (subject to a floor of 0.50%) plus 10.5% per annum, or base rate plus 9.5% per annum, payable in cash, plus  or 1% per annum, payablein either cash or in-kind. Principal amortization will be $687,500 per quarter, payable at the end of each calendar quarter, commencing on March 31, 2017. The term loans mature on December 8, 2020.

Boca Raton, FL-based Cogint, formerly known as IDI, a data and analytics company,