CCCIS refinances with $225M incremental term loans, extends maturity to 2032, cuts interest margins

CCC Intelligent Solutions Holdings Inc.

Incurred $225M incremental term loans; used to refinance existing term loans and extend all term loan maturity to January 23, 2032.
Removed credit spread adjustment on SOFR loans; reduced interest margins to 0.75%-1.00% (base) and 1.75%-2.00% (SOFR) based on leverage ratings.
Quarterly principal repayments of 0.25% of original amount beginning March 31, 2025; balance due at maturity.
Amendment executed by CCCIS, an indirect wholly owned subsidiary of CCC Intelligent Solutions Holdings Inc. (CCCS).
Non-consenting lenders replaced; all term loans now a single class with extended maturity and improved pricing.

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