Core Insights - Progress Software has announced a new credit facility of $1.5 billion, increasing its revolving credit from $900 million and extending the maturity date to July 31, 2030 [1][2] - The company currently has $660 million in revolving credit loans outstanding, indicating a strong liquidity position to support growth initiatives [1][2] Company Overview - Progress Software provides AI-powered digital experience and infrastructure software, enabling organizations to develop and manage mission-critical applications and IT infrastructure [3] - The company aims to leverage its increased liquidity for additional accretive acquisitions as part of its Total Growth Strategy [2] Financial Arrangement Details - The Fifth Amended and Restated Credit Agreement replaces the existing secured credit facility, enhancing the company's financial flexibility [1][2] - JPMorgan Chase Bank, N.A. acted as the Administrative Agent, with several other banks participating in the syndication and documentation of the credit facility [2]