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ISC Extends Credit Facility to Enhance Financial Flexibility

Story Highlights
  • ISC extends its credit facility to July 2029, maintaining $250 million with a $150 million accordion option.
  • The extension provides ISC with improved financial flexibility for acquisitions and corporate purposes.
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ISC Extends Credit Facility to Enhance Financial Flexibility

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Information Services ( (TSE:ISC) ) has provided an announcement.

Information Services Corporation (ISC) has extended its secured syndicated credit facility to July 2029, maintaining the facility at $250 million with an increased accordion option of $150 million, allowing potential upsizing to $400 million. This extension provides ISC with enhanced financial flexibility and improved terms, supporting its efforts to deleverage its balance sheet and finance acquisitions, capital expenditures, and general corporate purposes.

The most recent analyst rating on (TSE:ISC) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on Information Services stock, see the TSE:ISC Stock Forecast page.

More about Information Services

Headquartered in Canada, Information Services Corporation (ISC) is a leading provider of registry and information management services for public data and records. The company operates through its Registry Operations, Services, and Technology Solutions segments, focusing on managing, securing, and administering information. ISC is committed to sustaining its core business while exploring new growth opportunities, with its Class A Shares trading on the Toronto Stock Exchange under the symbol ISC.

Average Trading Volume: 18,128

Technical Sentiment Signal: Buy

Current Market Cap: C$612.4M

For a thorough assessment of ISC stock, go to TipRanks’ Stock Analysis page.

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