Victory Capital Refinances $980M Term Loans

Victory Capital Holdings, Inc. entered into the Seventh Amendment to its Credit Agreement, effectively refinancing its existing term loans. The company replaced its Tranche B-3 Term Loans with new Tranche B-4 Term Loans, totaling $980,075,000. These repriced term loans will bear interest at an annual rate of either SOFR plus 1.75% or an alternate base rate plus 0.75%, with other terms remaining substantially similar to the previous agreement.