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MediaAlpha unit shifts credit agreement to SOFR basis
Chicago, June 12 – QuoteLab, LLC and QL Holdings LLC, subsidiaries of MediaAlpha, Inc., amended their credit facility with JPMorgan Chase Bank, NA as administrative agent to switch the basis for floating-rate borrowings to SOFR, according to an 8-K filing regarding the June 8 second amendment.
The margins above the rate are still 200 basis points to 275 bps.
Los Angeles-based MediaAlpha helps companies reach consumers shopping for insurance and other verticals by using tech and data science.
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