ServiceTitan Expands Revolving Credit Facility to $250 Million and Extends Term to 2031

Reuters02-04
<a href="https://laohu8.com/S/TTAN">ServiceTitan</a> Expands Revolving Credit Facility to $250 Million and Extends Term to 2031

ServiceTitan Inc. has amended its existing credit agreement with a group of lenders and Wells Fargo Bank, increasing its revolving credit facility from $140 million to $250 million and extending the maturity date to January 30, 2031. The amendment also introduces a new pricing structure and unused commitment fees based on the company’s total net leverage, replaces previous financial covenants with a total net leverage covenant, and provides greater flexibility regarding certain negative covenants. Prior to this amendment, ServiceTitan voluntarily repaid its outstanding $107 million term loan, and as of the amendment date, no loans were outstanding under the revised agreement.

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