MeridianLink credit facility includes $50 million revolver

Chicago, Nov. 10 – MeridianLink Inc. closed on its credit facility on Wednesday, inclusive of a $50 million revolver and a $435 million seven-year term loan that was previously reported.

The revolver has a $10 million letter of credit sub-facility, according to an 8-K filing with the Securities and Exchange Commission.

The revolving loan matures Nov. 10, 2026.

Based on the consolidated first-lien net leverage ratio, the revolver has an interest rate of Libor plus 225 basis points to 275 bps.

The commitment fee is between 25 bps to 50 bps.

Bank of America, NA is the administrative agent.

Bank of America, Credit Suisse Loan Funding LLC, Barclays, Citibank, NA and Golub Capital LLC are the arrangers.

MeridianLink is a Costa Mesa, Calif.-based provider of SaaS-based solutions to financial institutions that simplify loan decisioning, deposit and loan originations and workflow challenges.

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