Loan & DebtOct 7, 2026, 04:36 PM
TTEC Holdings Reduces Credit Commitments by $15M to $960M
AI Summary
TTEC Holdings, Inc. has entered into the Twelfth Amendment to its Amended and Restated Credit Agreement. The amendment, effective October 1, 2026, reduces the aggregate revolving credit commitments by $15 million to $960 million and caps outstanding loans at $950 million. It also extends the period for a lower applicable margin on revolving loans until November 15, 2026, with increased margins set to take effect on November 16, 2026, unless further amended. The company paid an upfront fee of $2.4 million to the lenders.
Key Highlights
- TTEC Holdings amended its credit agreement, reducing revolving credit commitments by $15 million to $960 million.
- Aggregate outstanding revolving loans, swing loans, and letters of credit are now capped at $950 million.
- The period for a lower applicable margin on revolving loans is extended to November 15, 2026, with higher margins starting November 16, 2026.
- TTEC Holdings paid lenders an upfront fee of $2.4 million in connection with the amendment.
Price Impact
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