Upbound Group Inc. Secures $77 Million in New Financing Through Amendment to Existing Loan Agreement with JPMorgan Chase

Reuters
2025/08/20
<a href="https://laohu8.com/S/UPBD">Upbound Group</a> Inc. Secures $77 Million in New Financing Through Amendment to Existing Loan Agreement with JPMorgan Chase

Upbound Group Inc., a Delaware corporation, announced that on August 19, 2025, it entered into an amendment of its existing Term Loan Credit Agreement. Originally dated February 17, 2021, the Credit Agreement has undergone several amendments, with the latest extending the maturity date of the loans to August 19, 2032. Additionally, the amendment provides approximately $77 million in incremental commitments, bringing total borrowings to $875 million. The proceeds from this increase will be utilized for fees and expenses related to the amendment, alongside working capital and other corporate purposes. The agreement involves various subsidiaries of Upbound Group, participating lenders, and JPMorgan Chase Bank, N.A., acting as the administrative agent.

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. Upbound Group 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: 0001104659-25-080284), on August 19, 2025, and is solely responsible for the information contained therein.

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