RealPage (RP) Amends Facility; Borrowing Up to $150M Possible, Maurity Extended
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RealPage, Inc. (Nasdaq: RP), has amended its credit facility.
The Amended Credit Facility provides a revolving line of credit up to $150.0 million, matures on December 30, 2015 and converts the Company's outstanding term debt of $57.9 million into revolving loans. The Amended Credit Facility provides RealPage approximately $92.1 million of unused borrowing capacity as of the amendment date.
The interest rates on the Amended Credit Facility vary depending on defined senior leverage ratios and range from LIBOR plus 2.5% to LIBOR plus 3.0%. For further detailed information on the terms and conditions of the Amended Credit Facility, please reference the Company's Form 8-K, which the Company will file with the Securities and Exchange Commission on or before December 29, 2011.
The Amended Credit Facility provides a revolving line of credit up to $150.0 million, matures on December 30, 2015 and converts the Company's outstanding term debt of $57.9 million into revolving loans. The Amended Credit Facility provides RealPage approximately $92.1 million of unused borrowing capacity as of the amendment date.
The interest rates on the Amended Credit Facility vary depending on defined senior leverage ratios and range from LIBOR plus 2.5% to LIBOR plus 3.0%. For further detailed information on the terms and conditions of the Amended Credit Facility, please reference the Company's Form 8-K, which the Company will file with the Securities and Exchange Commission on or before December 29, 2011.
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