debt
confidence high
sentiment neutral
materiality 0.45
Intapp enters $150M revolving credit facility, terminates prior JPMorgan facility
Intapp, Inc.
- New $150M senior secured revolver with UBS AG, 5-year term, replaces prior JPMorgan facility.
- Prior $150M credit agreement terminated concurrently; no amounts outstanding at closing.
- Proceeds for working capital, general corporate purposes, and acquisitions.
- Interest: Term SOFR + 1.50%-2.25% or base rate + 0.50%-1.25%, based on leverage.
- Financial covenant: maximum consolidated total net leverage ratio; customary affirmative/negative covenants.