comScore gets $100 million five-year revolving secured credit facility

By Angela McDaniels

Tacoma, Wash., Oct. 2 - comScore, Inc. entered into a $100 million five-year revolving secured credit facility on Sept. 26, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate is Libor plus 150 basis points to 250 bps. The commitment fee is 20 bps to 35 bps. Both depend on leverage.

The revolver includes a $10 million sublimit for letters of credit, a $10 million sublimit for swingline loans and a $10 million sublimit for alternative-currency borrowings.

There is a $50 million accordion feature.

Bank of America, NA is the administrative agent, swingline lender and letter-of-credit issuer.

The revolver is secured by all of the company's personal property and by the capital stock and substantially all of the assets of some of its subsidiaries.

The credit agreement includes a maximum funded debt-to-EBITDA ratio and cash flow-to-fixed charge ratios.

Borrowings can be used for working capital, to issue standby letters of credit, for general corporate purposes and to repurchase up to $50 million of equity.

Based in Reston, Va., comScore is an internet marketing research company.

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