debt
confidence high
sentiment neutral
materiality 0.55
CBIZ amends credit facility to $600M, up from $400M, with extended maturity
CBIZ, Inc.
- Total facility increased from $400M to $600M, with an accordion feature permitting an additional $200M.
- Maturity date extended by 5 years; swing line facility increased from $25M to $50M.
- Pricing and margin unchanged from prior facility; leverage-based pricing grid remains.
- Facility includes letter of credit subfacility; Bank of America, N.A. acts as administrative agent.