debt
confidence high
sentiment neutral
materiality 0.55
InnovAge subsidiary refinances debt with $50.7M term loan and $100M revolver; maturity extended to 2028
InnovAge Holding Corp.
- New $50.7M Term Loan A and $100M revolving credit facility refinance existing debt under Amended Credit Agreement.
- Maturity extended to August 8, 2028 from March 8, 2026 for both facilities.
- Interest at SOFR or Alternate Base Rate plus margin based on secured net leverage ratio.
- JPMorgan Chase, Capital One, Barclays, and Goldman Sachs among the new lenders.
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