Edition:
United States

Monotype Imaging Holdings Says Entered New Credit Agreement By And Among Co, Co's Subsidiaries And Bank Of America On March 22


Tuesday, 26 Mar 2019 05:07pm EDT 

March 26 (Reuters) - Monotype Imaging Holdings Inc ::MONOTYPE IMAGING HOLDINGS - ON MARCH 22 ENTERED NEW CREDIT AGREEMENT BY AND AMONG CO, CO'S SUBSIDIARIES AND BANK OF AMERICA.MONOTYPE IMAGING-PURSUANT TO NEW CREDIT AGREEMENT LENDERS HAVE AGREED TO PROVIDE BORROWER WITH 5-YEAR, $200 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY.MONOTYPE IMAGING HOLDINGS - CREDIT FACILITY PERMITS BORROWER TO REQUEST THAT LENDERS INCREASE AMOUNT OF CREDIT FACILITY UP TO MAXIMUM OF $300 MILLION.MONOTYPE IMAGING HOLDINGS INC - NEW CREDIT AGREEMENT REPLACED COMPANY'S EXISTING $150 MILLION REVOLVING CREDIT FACILITY.MONOTYPE IMAGING HOLDINGS INC - ORIGINAL CREDIT AGREEMENT WAS TERMINATED EFFECTIVE ON CLOSING DATE AND WAS SCHEDULED TO MATURE ON SEPTEMBER 15, 2020. 

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12:07pm EDT