debt
confidence high
sentiment neutral
materiality 0.50
Definitive Healthcare enters $175M term loan and $50M revolver, maturing Jan 2030
Definitive Healthcare Corp.
- New $175M term loan facility and $50M revolving credit facility with Bank of America as agent; matures January 16, 2030.
- Proceeds used to repay outstanding indebtedness under existing credit agreement and pay related fees and expenses.
- Term loan amortizes at 5.0% of original principal quarterly starting first full fiscal quarter after closing; balance due at maturity.
- Interest rates: ABR plus 1.00%-1.50% or Term SOFR plus 2.00%-2.50%, with two 0.25% step-ups based on total net leverage ratio.
- Facilities guaranteed by all wholly-owned domestic restricted subsidiaries and direct parent AIDH Buyer, LLC; secured by substantially all assets.