Emerald amends credit agreement, ups revolver to $110 million

By William Gullotti

Buffalo, N.Y., Feb. 6 – Emerald X, Inc., a wholly owned subsidiary of Emerald Holding, Inc., entered into a fifth amendment to its amended and restated credit agreement with Bank of America, NA as administrative agent on Feb. 2 to increase revolving credit commitments to $110 million from $100,375,000, according to an 8-K filing with the Securities and Exchange Commission.

No other material terms of the agreement were amended in connection with the $9,625,000 commitment increase.

The agreement still matures at the earlier of (i) May 23, 2026 and (ii) the day that is 91 days prior to the scheduled final maturity date of all outstanding term loans under the agreement having a principal amount greater than or equal to the greater of $75 million and 100% of the company’s consolidated EBITDA.

San Juan Capistrano, Calif.-based Emerald builds market-driven business-to-business platforms that integrate live events with an array of industry insights, digital tools and data-focused solutions to create experiences.

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