Ebix reached a “stalking horse” agreement to sell its North American Life and Annuity assets to Zinnia, an Eldridge business and life insurance and annuity technology and service company, as part of its efforts to strengthen its balance sheet and position the company for sustainable growth.
Ebix signed an amendment to its existing credit agreement, extending the maturity date to Sept. 30. According to a filing with the SEC, Regions Bank is the administrative agent and collateral agent for the agreement.
Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.
Ebix expanded its existing credit facility from $450 million to $650 million to assist in funding its growth. Regions Bank served as administrative agent for the transaction.
Software provider Ebix expanded its existing credit facility from $240 milion to $400 million to fund its growth and share repurchase programs.
Regions Bank served as administrative and collateral agent for the transaction.
Ebix expanded its credit facility from $240 million to $400 million with a group of lenders led by Regions Bank serving as administrative and collateral agent.
Software supplier Ebix announced the expansion of its existing credit facility from $190 million to $240 million. Regions Capital Markets served as lead arranger on the transaction.
Ebix, a provider of on-demand software and E-commerce services said it has closed a new $150 million credit line with a bank group led by Regions Bank as administrative agent and collateral agent.