CRA International enters $250M revolving credit facility, replaces $175M facility due Oct 2022

CRA INTERNATIONAL, INC.

New five-year $250M revolving credit facility; can be reduced to $200M from July 16–Jan 15.
Facility includes $35M sublimit for non-U.S. borrowers, $75M sublimit for alternate currencies, $25M for letters of credit.
At closing, $50M borrowed; proceeds used to repay $50M outstanding under old facility and for general corporate purposes.
Lenders include Bank of America, Citizens, plus new TD Bank, Eastern Bank, and Brookline Bank.
CEO Paul Maleh said the facility provides added financial flexibility, improved covenants, and better pricing.

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