First Advantage Holdings, LLC, an indirect subsidiary of First Advantage Corporation, has entered into Amendment No. 5 to its existing first lien credit agreement, initially dated January 31, 2020. The amendment, effective July 30, 2025, involves several key changes to the financial terms. Notably, the interest rate on the term loan facility, due October 31, 2031, has been reduced by 0.50% to a range of 2.50% to 2.75%, contingent on the first lien ratio, plus SOFR. Additionally, the interest rate on the $250 million revolving credit facility, due October 31, 2029, has also been reduced by 0.50% to a range of 2.25% to 2.75%, again based on the first lien ratio, plus SOFR. These adjustments were made in collaboration with Fastball Parent, Inc., Bank of America, N.A., and other involved lenders.
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