ICF International entered into an Amended and Restated Credit Agreement on April 10, 2026, increasing its term loan facility to $450 million, extending maturity to 2031, and maintaining a $600 million revolver.
Key takeaways
Entered Amended and Restated Credit Agreement on April 10, 2026, amending the May 6, 2022 Existing Credit Agreement.
Term loan facility increased from $300 million to $450 million.
Revolving credit facility maintained at $600 million with $100 million LC sublimit and $75 million swingline sublimit.
$400 million delayed draw term loan facility maintained.
Maturity extended to April 10, 2031.
Maximum Consolidated Net Leverage Ratio covenant set at 4.50 to 1.00, with temporary step-up to 5.00 to 1.00 post-Material Permitted Acquisition.