PROS Holdings Inc. has entered into an amendment to its existing secured Credit Agreement with Texas Capital Bank as the administrative agent, along with other lenders. The amendment, dated June 23, 2025, involves PROS Holdings Inc.'s wholly owned subsidiary, PROS, Inc., and other subsidiaries as guarantors. This amendment includes the consent of the administrative agent and other lenders to the issuance of $235 million in Convertible Senior Notes by PROS Holdings. The original Credit Agreement was dated July 21, 2023. This strategic financial adjustment is intended to support the company's recent issuance of convertible notes, providing PROS Holdings with enhanced 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. PROS Holdings 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: 0001392972-25-000122), on June 25, 2025, and is solely responsible for the information contained therein.