Information Services extends credit facility to 2029

Executive Summary

• Information Services Corp. has entered into a third amendment to its secured syndicated credit facility, extending the maturity date from September 2025 to July 2029.
• The amendment consolidates two existing revolving credit tranches into a single $250-million facility and increases the accordion option from $100-million to $150-million, allowing the total facility to be upsized to $400-million.
• The company maintains a target deleveraging ratio of 2.0x to 2.5x, with $155.0-million drawn as of June 30, 2025.

Key Details

• Facility Extension: The term of the credit facility was extended to July 2029 (previously due in September 2025).
• Aggregate Amount: The total available amount under the credit facility remains at $250-million.
• Accordion Option: The accordion option was increased from $100-million to $150-million, providing flexibility to upsize the aggregate revolving credit facility to $400-million.
• Consolidation: Two existing revolving credit facility tranches ($150-million and $100-million) were consolidated into a single facility of $250-million.
• Pricing and Covenants: The agreement includes improved pricing and simplified terms, with changes to covenants providing additional balance sheet flexibility.
• Drawdown Status: As of June 30, 2025, $155.0-million was drawn under the credit facility.
• Use of Proceeds: The facility is available on a revolving basis to finance permitted acquisitions, capital expenditures, and general corporate purposes.
• Deleveraging Target: Information Services is committed to deleveraging its balance sheet to a target of 2.0 times to 2.5 times.
• Administrative Agent: Royal Bank of Canada acted as administrative agent.
• Arrangers: RBC Capital Markets and Canadian Imperial Bank of Commerce served as joint lead arrangers and joint bookrunners.