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Envestnet expands revolver to $500 million, extends to 2024
By Marisa Wong
Los Angeles, Oct. 1 – Envestnet, Inc. entered into a second amendment on Sept. 27 to its second amended and restated credit agreement dated July 18, 2017 to increase the size of the revolving facility to $500 million and extend the maturity to Sept. 27, 2024.
In addition, the amendment made some changes to the definitions of senior leverage ratio and total leverage ratio and modified some covenants, including in relation to permitted acquisitions, permitted indebtedness, permitted investments and the required minimum liquidity levels.
Bank of Montreal is administrative agent.
Envestnet is a Chicago-based provider of financial and wealth management technology and services.
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