Brief: Verticalscope Refinances Existing Senior Secured Credit Facility

Verticalscope Holdings

24/06/2021 23:11

June 24 (Reuters) - VerticalScope Holdings Inc  FORA.TO :
    * VERTICALSCOPE REFINANCES ITS EXISTING SENIOR SECURED
CREDIT
FACILITY IN CONNECTION WITH INITIAL PUBLIC OFFERING
    * SAYS ENTERED INTO AMENDED AND RESTATED CREDIT AGREEMENT,
AMENDING AND RESTATING CO'S EXISTING CREDIT AGREEMENT
    * SAYS REVOLVING LOAN COMMITMENTS UNDER EXISTING CREDIT
AGREEMENT
WERE INCREASED TO $75 MILLION IN AMENDED AGREEMENT
    * SAYS MULTI-TRANCHE TERM LOANS UNDER EXISTING CREDIT
AGREEMENT
WERE RESTATED IN AMENDMENT INTO SINGLE TERM LOAN TRANCHE OF $50
MILLION
    * SAYS CREDIT FACILITIES HAVE BEEN EXTENDED IN AMENDED
AGREEMENT
AND NOW MATURE ON JUNE 24, 2026

Source text for Eikon:  ID:nCNWp1gZwa 
Further company coverage:  FORA.TO 

 ((Reuters.Briefs@thomsonreuters.com;))