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CoreLogic, Australian unit amend credit agreement

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CoreLogic, Australian unit amend credit agreement

CoreLogic Inc. and its unit CoreLogic Australia Pty Ltd amended their second amended and restated credit agreement.

The amendment modifies the existing credit agreement to increase the outstanding aggregate principal amount on the five-year term A1 loan facility to approximately $1.58 billion from $1.4 billion, and on the five-year revolving credit facility to $750.0 million from $700.0 million.

The agreement also allows the companies to increase the term facility and revolving facility by up to $300.0 million in the aggregate plus certain additional amounts.

The companies also extended the maturity date of the term facility and the commitment termination date for the revolving facility to May 31, 2024, from Aug. 10, 2022, on which date the outstanding balance of the term loans and any revolving loans will be due.