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ISC Extends Credit Facility
Globenewswire· 2025-07-31 11:00
Core Points - The Company has extended its secured syndicated credit facility to July 2029, providing additional financial flexibility [2][6] - The total amount available under the Credit Facility remains at $250 million, with an increased accordion option of $150 million, allowing for a potential total of $400 million [2][6] - As of June 30, 2025, $155 million was drawn under the Credit Facility, and the Company aims to achieve a target leverage ratio of 2.0x – 2.5x [3] Financial Structure - The Credit Facility has been simplified by consolidating two existing tranches into a single facility of $250 million with improved pricing [2] - The Credit Facility is available for financing permitted acquisitions, capital expenditures, and general corporate purposes [3] Company Overview - The Company is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while pursuing new growth opportunities [4]