Alight Inc. Subsidiary Secures $30 Million Increase in Revolving Credit Facility with Extended Maturity Date
Alight Inc., through its indirect wholly-owned subsidiary Tempo Acquisition, LLC, has entered into a significant amendment to its existing credit agreement. As of May 30, 2025, the Amendment No. 12 to the Credit Agreement introduces a new incremental revolving credit facility, boosting the revolving credit commitments by $30 million, bringing the total to $330 million. This amendment effectively replaces the prior revolving credit commitments which have been reduced to zero. The newly established facility has an extended maturity date of May 31, 2030, with specific refinancing conditions set for 2028. The facility bears interest at SOFR plus a rate between 1.75% and 2.25%, contingent on the Borrower's consolidated first lien net leverage ratio. This strategic financial move is expected to provide Alight Inc. with enhanced liquidity and financial flexibility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alight Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001809104-25-000185), on June 03, 2025, and is solely responsible for the information contained therein.
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