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Huron Amends and Extends Senior Secured Credit Facility
October 1, 2019
Source: Business Wire
Global professional services firm Huron (NASDAQ: HURN) today announced it has amended its senior secured credit facility.
Among other items, the amended credit facility:
- Extends the maturity date from March 23, 2023 to September 27, 2024.
- Increases the aggregate revolving commitments from $500 million to $600 million.
- Provides a more favorable pricing structure.
- Provides additional covenant flexibility to support Huron's balanced approach to capital deployment.
“We are committed to driving long-term shareholder value through our focus on a sustainable growth strategy. The amended credit facility further enables us to achieve this strategy through additional capacity, greater flexibility and better pricing,” said John D. Kelly, chief financial officer of Huron. “The ongoing commitment from Bank of America Merrill Lynch and JPMorgan Chase, as well as our entire syndicate of lenders, reflects their confidence in Huron and our long-term growth strategy.”
Additional detail regarding the amended credit facility will be included in Huron’s forthcoming Current Report on Form 8-K to be filed with the Securities and Exchange Commission. The Form 8-K will be available on Huron’s website at http://ir.huronconsultinggroup.com when filed.
About Huron
Huron is a global consultancy that helps its clients drive growth, enhance performance and sustain leadership in the markets they serve. The company partners with clients to develop strategies and implement solutions that enable the transformative change its clients need to own their future. Learn more at www.huronconsultinggroup.com.
Contacts
MEDIA CONTACT
Sarah McHugh
312-880-2624
smchugh@huronconsultinggroup.com
INVESTOR CONTACT
John D. Kelly
312-583-8722
investor@huronconsultinggroup.com
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