StockNews.AI
CCSI
StockNews.AI
36 days

Consensus Cloud Solutions Announces Closing of New Credit Facility

1. CCSI secured a $75M revolving credit facility and $150M term loan. 2. Credit Facility matures on July 10, 2028; no funds drawn as of July 14, 2025. 3. Expected interest rate is SOFR plus a margin of 1.75%. 4. CCSI serves regulated industries like healthcare and financial services. 5. The existing credit facility was retired without a balance.

4m saved
Insight
Article

FAQ

Why Bullish?

Securing a substantial credit facility provides CCSI with financial flexibility. This positions them for growth in a competitive market, particularly as they innovate in digital services.

How important is it?

The credit agreement indicates confidence from lenders in CCSI's business model. This financial backing could translate to increased investment and operational improvements.

Why Short Term?

The immediate availability of funds may enhance operations and marketing initiatives. Investors could react positively to the financial boost and strategic positioning.

Related Companies

CCSIU.S. Bank National Association
- LOS ANGELES--(BUSINESS WIRE)--Consensus Cloud Solutions, Inc. (NASDAQ: CCSI), (the “Company”) has entered into a Credit Agreement (the “Credit Agreement”) with certain lenders party (the “Lenders”) and U.S. Bank National Association, as agent on July 9, 2025. Pursuant to the Credit Agreement, the Lenders have provided the Company with a senior secured revolving credit facility of $75.0 million and a senior secured delayed-draw term loan facility of $150.0 million (collectively, the “Credit Facility”). The final maturity of the Credit Facility will occur on July 10, 2028, subject to limited customary accelerators. As of July 14, 2025, no amount had been drawn down on the Credit Facility. The interest rate applicable to the loans made under the Credit Facility are, at the Company’s option, equal to either a base rate or the Secured Overnight Financing Rate (“SOFR”) plus an applicable margin based on the total net leverage ratio (0.50%-1.25% in the case of base rate loans and 1.50%-2.25% in the case of SOFR loans. The Company expects to draw funds in the last fiscal quarter of 2025 and based on its current leverage would expect an interest rate of SOFR plus an applicable margin of 1.75%. In connection with entering into the Credit Facility, the Company’s existing senior secured revolving credit facility agented by U.S. Bank National Association (as successor-in-interest to MUFG Bank, N.A.) was retired without a balance. Further details are provided on the Form 8-K filed by Company on July 14, 2025. About Consensus Cloud Solutions Consensus Cloud Solutions, Inc. (NASDAQ-CCSI) is a global leader in digital cloud fax technology. With over 25 years of success with eFax at its core, the company has evolved to be a trusted provider of interoperability solutions, leveraging artificial intelligence and secure data exchange to transform digital information, automate critical workflows, and maximize operational efficiencies. Consensus maintains industry- leading compliance standards, making it a preferred partner for heavily regulated industries including healthcare, the public sector, financial services, insurance, real estate, and manufacturing. For more information about Consensus, visit consensus.com. More News From Consensus Cloud Solutions, Inc.

Related News