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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Leads Bank Syndicate in Credit Facility Expansion for Integrated Ad Science
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Lenders/Participants
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PNC Capital Markets [Joint Lead Arranger]
HSBC Bank USA [Joint Lead Arranger, Syndication Agent]
TD Bank [Joint Lead Arranger, Syndication Agent]
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Structure
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Amended Credit Facility
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Amount
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$550.000
Million
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Borrower(s)
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Integral Ad Science
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Description
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The Credit Agreement Amendment extends the maturity of the revolving credit facility to June 17, 2030, and includes a new $30 million sub-facility for swingline loans in addition to its existing $100 million currency sublimit and $30 million sub-facility for standby letters of credit. Additionally, the Credit Agreement Amendment provides for an increased accordion feature which, subject to lender approval, now permits IAS to increase borrowings under the credit agreement from $300 million to at least $550 million. The Credit Agreement Amendment complements IAS's healthy liquidity profile, with $59 million in cash and cash equivalents as of March 31, 2025.
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| Related Tags |
HSBC Bank USA, Media, PNC Capital Markets, TD Bank
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ABL Advisor
Deal Tables
2025
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