CCC amends credit facility: removes SOFR spread, cuts rates 0.25%, extends maturity to 2029

CCC Intelligent Solutions Holdings Inc.

SOFR credit spread adjustment removed entirely; base rate and SOFR margins each reduced by 0.25%.
New margins: base rate 0.75%-1.25%, SOFR 1.75%-2.25%, based on leverage ratio.
Revolving facility maturity extended to September 23, 2029, with springing maturity tied to term loans.
Amendment applies to existing $234M+ initial term loans and revolving credit facility.
Effective September 23, 2024; terms improve borrowing cost and extend debt runway.

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