Integral Ad Science (IAS) announced on June 18, 2025, the completion of a second amendment to its credit agreement with a syndicate of banks. This amendment extends the maturity of the revolving credit facility to June 17, 2030, providing long-term financial stability.
The updated agreement includes a new $30 million sub-facility for swingline loans, in addition to its existing $100 million currency sublimit and $30 million sub-facility for standby letters of credit. Furthermore, the accordion feature has been increased, permitting IAS to raise borrowings under the credit agreement from $300 million to at least $550 million, subject to lender approval.
Alpana Wegner, CFO of IAS, stated that this amendment provides the company with the opportunity to increase its borrowing capacity, enables greater financial flexibility, and supports its growth initiatives. This complements IAS's healthy liquidity profile, which included $59 million in cash and cash equivalents as of March 31, 2025.
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