MDC Partners lifts amount of debt permitted under secured revolver

By Marisa Wong

Madison, Wis., March 28 - MDC Partners Inc. entered into a consent and amendment on Thursday to its senior secured revolving credit facility dated March 20, 2013 to increase the amount of unsecured debt it is permitted to incur to $800 million from $700 million, according to an 8-K filing with the Securities and Exchange Commission.

Subsidiary Maxxcom Inc. is the borrower under the facility.

Wells Fargo Capital Finance, LLC is the agent.

The company had $44.1 million outstanding under the credit facility as of March 27.

MDC is a Toronto-based marketing communications services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.