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RealPage upsizes credit agreement

RealPage Inc. upsized its credit agreement with lenders by $150 million to $350 million.

With the increase in revolving credit commitments, and together with the existing outstanding term loans, the agreement now includes $669.1 million of drawn or available credit.

As of March 12, there was approximately $319.1 million of outstanding term loans and $50 million of outstanding revolving loans under the credit agreement.

The agreement was also amended to increase the maximum consolidated net leverage ratio financial covenant and the maximum consolidated senior secured net leverage ratio covenant.

Wells Fargo Bank NA is the administrative agent in connection with the agreement.