M&A
confidence high
sentiment positive
materiality 0.75
nCino signs definitive agreement to acquire FullCircl for $135M; new $250M credit facility
nCino, Inc.
- nCino entered $250M senior secured revolving credit facility with Bank of America, maturing Oct 28, 2029; used partly to fund acquisition.
- Acquiring FullCircl (Artesian Solutions) for $135M cash; $15M held as security for 2 years.
- Transaction expected to close on or about Nov 4, 2024.
- FullCircl provides Customer Lifecycle Intelligence CLI platform for B2B firms in regulated industries.
- nCino plans to provide financial impact update with its Q3 earnings release.