debt
confidence high
sentiment neutral
materiality 0.55
MediaAlpha subsidiary amends credit agreement, obtains $150M term loan and $60M revolver
MediaAlpha, Inc.
- Borrowed $150M term loan and $60M revolving credit facility, both maturing March 25, 2031.
- Proceeds used to refinance existing term loans; remainder for general corporate purposes.
- Interest rates: SOFR plus 2.00%-3.00% or base rate plus 1.00%-2.00%, based on leverage ratio.
- Term loan amortizes quarterly starting June 30, 2026 at 1.25% then 2.50% of original principal.
- Obligations guaranteed by Holdings and secured by substantially all assets.
item 1.01item 9.01