debt
confidence high
sentiment neutral
materiality 0.40
Medpace extends $50M credit facility to March 2023; adopts LIBOR replacement terms
Medpace Holdings, Inc.
- Amendment extends revolving credit note expiration to March 31, 2023.
- Removes ability to obtain advances in currencies other than U.S. dollars.
- Adds LIBOR Replacement Rider with Term SOFR or Daily Simple SOFR fallback provisions.
- Facility is an unsecured credit line up to $50 million with PNC Bank.
- Guarantor Medpace IntermediateCo, Inc. consents and confirms obligations unchanged.