Loan & DebtMay 28, 2026, 04:23 PM
Maximus Secures $325M Term B-1 Loans for Buyback, Working Capital
AI Summary
Maximus, Inc. entered into a Second Amendment to its Amended and Restated Credit Agreement, securing $325 million in new Tranche B-1 Term Loans. The proceeds from these loans will be utilized to repay existing revolving loans, repurchase the company's capital stock, fund working capital needs, and cover associated fees and expenses. These new term loans share the same terms as the company's existing term B loans.
Key Highlights
- Secured $325,000,000 in new Tranche B-1 Term Loans.
- Proceeds to repay outstanding revolving loans.
- Proceeds to repurchase company capital stock.
- Proceeds allocated for working capital.
- Proceeds to cover fees and expenses related to the amendment.
- Tranche B-1 Term Loans have the same terms as existing term B loans.
Price Impact
More from MMS