Monday, February 29, 2016

RealPage Expands Credit Facility

Carrollton, Texas-based real estate software developer RealPage said late Friday afternoon that it has expanded its available credit facility, growing its available revolving credit facility to $325M, up from an earlier $200M. The company said the expanded credit comes thanks to the exercise of a $125M, accordion feature, which is in the form of term debt. The financing was arranged by Wells Fargo, along with Fifth Third Bank, Bank of America, JP Morgan Chase Bank, Comerica Bank, Regions Bank and Capital One. Terms and rates on that new term debt were not announced.