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Bank of America Provides $100MM Revolving Credit Facility to Enfusion

September 19, 2023, 07:49 AM
Filed Under: Technology
Related: Bank of America, SaaS

Enfusion, a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America. The credit facility matures on September 15, 2028 and includes an accordion feature that allows for up to $50 million of additional borrowing capacity, subject to certain customary conditions. No loans under the credit facility were drawn at closing.

“We are excited to close on the credit facility with Bank of America and the other syndicate members,” said Oleg Movchan, Chief Executive Officer of Enfusion. “This facility significantly enhances the flexibility of our balance sheet and gives us another cost-effective source of capital that we can use to invest in our growth and pursue potential acquisition opportunities.”

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