ScanSource enters $500M credit facility ($350M revolver + $150M term loan) expiring Sept 2027

SCANSOURCE, INC.

New five-year facility replaces $350M revolver (Apr 2024 maturity) and $131.25M outstanding term loan.
Accordion feature allows up to $750M total borrowing subject to additional lender commitments.
Interest on SOFR loans: Adjusted Term SOFR + 0.10% plus margin of 1.00% to 1.75% based on leverage ratio.
Financial covenants: max leverage ratio 3.50x, min interest coverage ratio 3.00x, secured by substantially all assets.
JPMorgan is administrative agent; TD Bank and Wells Fargo are co-syndication agents.

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