Consensus Cloud Solutions entered into a credit agreement with certain lenders party and U.S. Bank as agent on July 9, 2025. Pursuant to the credit agreement, the lenders have provided the company with a senior secured revolving credit facility of $75 million and a senior secured delayed-draw term loan facility of $150 million. The final maturity of the credit facility will occur on July 10, 2028, subject to limited customary accelerators.
As of July 14, 2025, no amount had been drawn down on the credit facility. The interest rate applicable to the loans made under the credit facility are, at the company’s option, equal to either a base rate or the secured overnight financing rate (SOFR) plus an applicable margin based on the total net leverage ratio (0.50% – 1.25% in the case of base rate loans and 1.50% – 2.25% in the case of SOFR loans.
The company expects to draw funds in the last fiscal quarter of 2025 and based on its current leverage would expect an interest rate of SOFR plus an applicable margin of 1.75%. In connection with entering into the credit facility, the company’s existing senior secured revolving credit facility agented by U.S. Bank (as successor-in-interest to MUFG Bank) was retired without a balance.
