Loan & DebtJul 13, 2026, 04:36 PM
Intapp Secures $150M Revolving Credit Facility
AI Summary
Intapp, Inc. has entered into a new five-year, senior secured revolving credit facility totaling $150.0 million with UBS AG, Stamford Branch as Administrative Agent. This new facility, which includes a $10.0 million subfacility for letters of credit, will be used for working capital, general corporate purposes, and potential acquisitions. Concurrently, the company terminated its prior credit agreement with JPMorgan Chase Bank, N.A. The new facility allows for additional commitments and bears interest based on Term SOFR or an alternate base rate, tied to the company's net leverage ratio.
Key Highlights
- Intapp entered into a New Credit Agreement on July 7, 2026.
- Secured a five-year, senior secured revolving credit facility of $150.0 million.
- Facility includes a subfacility for letters of credit up to $10.0 million.
- May seek additional revolving credit commitments up to $75.0 million.
- Proceeds for working capital, general corporate purposes, and acquisitions.
- Interest rate is Term SOFR + 1.50%-2.25% or alternate base rate + 0.50%-1.25%.
- Annual commitment fee on unused amount ranges from 0.25% to 0.40%.
- New facility is secured by a first priority pledge of capital stock and substantially all assets.
Price Impact
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