MeridianLink, Inc. Enters into Refinancing Amendment and First Amendment to Credit Agreement
May 15, 2024 at 04:28 pm EDT
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On May 15, 2024, MeridianLink, Inc. (the ?Company?) entered into a Refinancing Amendment and First Amendment to Credit Agreement (the ?Amendment?), among the Company, ML California Sub, Inc, the guarantors party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent, which amends its Credit Agreement dated as of November 10, 2021, (as amended from time to time, the ?Credit Agreement?). Pursuant to the Amendment, the Company, among other things, lowered the interest rate on its term loan from Term SOFR plus 3.00% per annum to Term SOFR plus 2.75% per annum and increased the aggregate principal amount of the term loan by $50.0 million to $476.3 million.
MeridianLink, Inc. is a provider of software platforms for financial institutions and consumer reporting agencies. The Companyâs cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink One, to enable customers of all sizes to identify growth opportunities, scale up, and support compliance efforts. Its lending software solutions provide a fully digital workflow for its customers, extending from their clientâs initial account opening applications to its customerâs final extension of credit and, where necessary, collections activity. It enables its customers to offer an array of products and services to new and existing clients. Its solutions address various categories of consumer lending, including mortgage, credit card, personal, auto, home equity, and others. It serves financial institutions, including banks, mortgage lenders, specialty lending providers, and others.
MERIDIANLINK, INC. 
