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BRIEF-Progress Software Entered Into Amended & Restated Credit Agreement Providing For $123.75 Mln Secured Term Loan
November 27, 2017 / 9:55 PM / 14 days ago

BRIEF-Progress Software Entered Into Amended & Restated Credit Agreement Providing For $123.75 Mln Secured Term Loan

Nov 27 (Reuters) - Progress Software Corp:

* PROGRESS SOFTWARE - ‍ON NOV 20, CO ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT PROVIDING FOR $123.75 MILLION SECURED TERM LOAN

* PROGRESS SOFTWARE - ‍ON NOV 20, CO ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT ALSO PROVIDING FOR $150 MILLION SECURED REVOLVING CREDIT FACILITY​

* PROGRESS SOFTWARE - FACILITY MAY BE INCREASED BY UP TO ADDITIONAL $125 MILLION IF EXISTING/ ADDITIONAL LENDERS ARE WILLING TO MAKE INCREASED COMMITMENTS​

* PROGRESS SOFTWARE CORP - ‍CREDIT FACILITY MATURES ON NOVEMBER 20, 2022​ Source text: (bit.ly/2k42qS7) Further company coverage:

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