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JPMorgan Chase Agents DHI Group’s Amended Credit Facility

December 01, 2015, 07:21 AM
Filed Under: Technology

DHI Group, Inc.,formerly known as Dice Holdings, Inc., has entered into a five-year $250 million senior secured revolving credit facility scheduled to mature in November 2020.  The new facility replaces the company's previous facilities, which included a $50 million term loan facility and a $200 million revolving loan facility that were scheduled to mature in October 2018.

A description of the credit agreement, which lists JPMorgan Chase Bank as administrative agent, Bank of America, N.A., as syndication agent and Keybank National Association, as documentation agent, with J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and Keybank National Association as joint bookrunners and joint lead arrangers is set forth in the company's Form 8-K filed with the Securities and Exchange Commission on Nov. 30, 2015.

The credit facility may be used for working capital and general corporate purposes each to the extent permitted under the credit agreement.  Interest rates and covenants in the new credit agreement are consistent with the previous credit agreement and the facility may be prepaid at any time without penalty.  The company borrowed approximately $105 million under the credit agreement to repay, in full, all outstanding indebtedness, including accrued interest, under the previous credit agreement, which was terminated upon repayment.

DHI Group, Inc. is a leading provider of data, insights and connections through our specialized services for professional communities including technology and security clearance, financial services, energy, healthcare and hospitality.

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