other material
confidence high
sentiment positive
materiality 0.60
Medpace increases credit facility to $250M and expands share buyback by $200M
Medpace Holdings, Inc.
- Amendment No. 4 raises line of credit from $50M to $250M with PNC Bank, maturing March 31, 2023.
- Board approved $200M increase to stock repurchase program; 1,782,136 shares repurchased since Feb 11, 2022.
- Repurchases reduced outstanding shares by ~5%; 33,723,904 shares outstanding as of March 14, 2022.
- Interest options include Base Rate or Term SOFR +1.00%; anti-money laundering compliance updated.