On June 18, 2025, ACI Worldwide, Inc. entered into a Lender Addition and Acknowledgement Agreement to supplement its Second Amended and Restated Credit Agreement. This agreement provides for incremental term loans totaling $200 million. The proceeds from this Incremental Term Loan, combined with cash on hand and a revolving loan borrowing, were utilized for a strategic debt refinancing.
The primary purpose of this financing was to redeem in full the $400 million aggregate principal amount of the company's 5.750% Senior Notes due 2026. This redemption was completed on June 20, 2025, in accordance with the existing Indenture. The transaction also covered the fees and expenses incurred in connection with the redemption and the new agreement.
The new Incremental Term Loan bears interest at a rate per annum equal to Term SOFR for the applicable interest period plus an applicable margin, which ranges between 1.5% and 2.5% based on the consolidated total leverage ratio. This refinancing move aims to optimize ACI Worldwide's debt structure and manage its financial obligations more effectively.
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