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EngageSmart enters $1.05 billion term loan, $100 million revolver
By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – EngageSmart Inc. entered into a credit agreement with Golub Capital Markets LLC as administrative agent that provides for a $1.05 billion term loan facility and a $100 million revolving loan facility on Friday, according to an 8-K filing with the Securities and Exchange Commission.
The credit facility was in connection with Icefall Merger Sub, Inc.’s merger into EngageSmart.
Also in connection with the merger, all outstanding debt under the revolver dated Sept. 27, 2021 with JPMorgan Chase Bank, NA as administrative agent was repaid in full and all commitments thereunder were terminated.
EngageSmart is a Braintree, Mass.-based provider of vertically tailored customer engagement software and integrated payments solutions.
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