debt
confidence high
sentiment neutral
materiality 0.55
Intapp enters $100M senior secured revolving credit facility with JPMorgan
Intapp, Inc.
- Five-year $100M revolving credit facility; letters of credit subfacility up to $10M.
- Interest at LIBOR + 1.75%-2.50% or base rate + 0.75%-1.50%, based on leverage.
- Unused commitment fee from 0.25% to 0.40% annually based on total net leverage.
- Proceeds for working capital and general corporate purposes, including acquisitions; no amounts drawn at closing.
- Facility secured by subsidiary stock and substantially all assets; includes financial covenant and customary terms.