Research Reports

Key takeaways

New $150M revolving credit facility with UBS AG as administrative agent.

Interest rates based on SOFR or base rate plus applicable spreads; commitment fee on unused amounts.

Facility secured by assets and equity of material subsidiaries.

Prior credit agreement terminated concurrently with the new facility.

No borrowings outstanding under the new facility as of the closing date.

Financial covenant requiring a maximum consolidated total net leverage ratio.

Full analysis

Intapp's entry into a $150 million senior secured revolving credit facility with UBS AG provides the company with additional liquidity and flexibility. The facility replaces the prior credit agreement with JPMorgan Chase. With no amounts drawn at closing, the facility serves as a standby source of capital for working capital, acquisitions, and other corporate needs. The interest rate and commitment fee are tied to the company's leverage ratio, incentivizing disciplined financial management. The secured nature of the facility and financial covenants are standard for such financings.

INTA · Intapp, Inc.

Summary

Key takeaways

Full analysis