Angi Inc. subsidiary enters $175M senior secured revolving credit facility

Angi Inc.

Borrower ANGI Group, LLC obtains $175M revolving facility maturing Nov 6, 2030, with JPMorgan as administrative agent.
Includes $25M letter of credit sublimit; loans available in USD, CAD, GBP, EUR, and JPY.
Interest: Term SOFR + 2.75% or ABR + 1.75%; commitment fee 0.40% on undrawn amounts.
Proceeds for working capital, general corporate purposes, and refinancing of 3.875% Senior Notes due 2028.
Covenant requires total net leverage ratio ≤ 4.00x if loans outstanding or LC usage exceeds $10M.

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