image: Reuters

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility.

According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead arranger for the transaction. Wells Fargo Bank and Citizens Bank were syndication agents. Bank of America, Citibank, Silicon Valley Bank and Santander Bank were documentation agents.

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