Aspen Technology, Inc. (AZPN) has shared an announcement.
Aspen Technology, Inc. secured a new $200 million revolving credit facility, including a $40 million sub-facility for letters of credit, replacing its previous credit agreement. This facility, secured by the company’s assets and backed by its subsidiaries, is designed for working capital and general corporate uses, with interest rates varying based on a leverage-based grid. The agreement, which imposes certain financial maintenance covenants like debt-to-income ratios and has standard events of default provisions, will run until June 27, 2029.
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