debt
confidence high
sentiment positive
materiality 0.80
ComScore secures $60M credit facility and cuts Charter license fees by $35M
COMSCORE, INC.
- New $60M credit facility: $45M term loan fully funded, $15M revolver; matures Dec 2028.
- Charter amendment reduces cash license fees by at least $35M over remaining term, plus $7M prior credits.
- Prior $45M Bank of America credit facility terminated; no penalties. Proceeds used to pay arrears and aged payables.
- Loan pricing: SOFR (3% floor) + 7% margin; financial covenants include minimum $10M liquidity.
- Cash dividends on Series B Convertible Preferred prohibited until April 1, 2026.