debt
confidence high
sentiment neutral
materiality 0.25
ISG amends credit facility to allow $5M EBITDA add-back for severance and lease costs
Information Services Group Inc.
- Add-backs for severance and one-time lease/contract termination costs capped at $5M aggregate through maturity date.
- Definition of Consolidated EBITDA amended to include these add-backs; documentation must be provided to Administrative Agent.
- Mandatory prepayment clause for Reinvestment (Section 2.05(b)(i)) intentionally omitted from Credit Agreement.
- Revolving facility reduction minimum set at $1,000,000; prepayment application revised.
- Administrative updates added for electronic signatures, erroneous payment recovery, and reliance on communications.