Upland Software Completes $410 Million Financing Transaction
Upland Software, Inc. (UPLD)
Last upland software, inc. earnings: 2/26 04:01 pm
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Source: Business Wire
Upgraded credit facilities provide additional capital for growth AUSTIN, Texas--(BUSINESS WIRE)--Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based enterprise work management software, today announced it has entered into a new credit agreement that provides $410 million in term and revolving loan facilities to refinance existing debt and to provide additional capital for growth. The credit agreement is expandable as Upland continues its growth trajectory.“Our acquisition pipeline remains robust, and this financing, together with our growing free cash flow generation, ensures Upland will have the capital necessary to execute on our highly accretive consolidation plan in cloud software,” said Jack McDonald, Upland Chairman and CEO.“Our growth and execution to date have allowed us to achieve the scale and credit quality necessary to significantly upgrade our credit agreement improving both the structure and the cost of our capital,” said Mike Hill, Upland CFO. “We are pleas
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