debt
confidence high
sentiment neutral
materiality 0.10
MediaAlpha subsidiary amends credit agreement to replace LIBOR with SOFR
MediaAlpha, Inc.
- QuoteLab and QL Holdings entered Second Amendment to Credit Agreement on June 8, 2023.
- Amendment replaces LIBOR benchmark with Term SOFR plus 0.10% spread.
- Existing LIBOR loans remain until their Interest Period ends, then convert to SOFR or ABR loans.
- No changes to total commitments, pricing grid, or financial covenants.