Information Services Corporation (ISC) entered into an amended and extended credit agreement in connection with a secured credit facility provided by its lenders. Royal Bank of Canada is the administrative agent and RBC Capital Markets and Canadian Imperial Bank of Commerce are joint lead arrangers and joint bookrunners for the facility.
The aggregate amount available under the credit facility remains $150 million and the term of the credit facility has been extended from the previous expiration date to Sept. 17, 2026. In addition, the amended agreement simplifies the pricing structure.
As of June 30, 2021, $71.3 million was drawn under the credit facility. The credit facility is available on a revolving basis to finance permitted acquisitions and capital expenditures and for general corporate purposes.
