Loan & DebtApr 16, 2026, 04:17 PM
ICF International Amends Credit Agreement, Boosts Term Loan to $450M
AI Summary
ICF International, Inc. and its subsidiary entered into an Amended and Restated Credit Agreement on April 10, 2026. This agreement maintains a $600.0 million revolving credit facility and a $400.0 million delayed draw term loan facility. Notably, the term loan facility was increased from $300.0 million to $450.0 million, enhancing the company's financial flexibility. The incremental credit facility was also expanded, and the maximum Consolidated Net Leverage Ratio covenant was adjusted to net Unrestricted Cash.
Key Highlights
- Revolving credit facility maintained at $600.0 million.
- Term loan facility increased from $300.0 million to $450.0 million.
- Delayed draw term loan facility maintained at $400.0 million.
- Incremental credit facility increased to greater of $300.0 million or 100% of Consolidated EBITDA.
- Maximum Consolidated Net Leverage Ratio covenant maintained at 4.50 to 1.00.