RingCentral Inc. Secures Amended and Restated $1.24 Billion Credit Agreement with Bank of America and Other Lenders
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RingCentral, Inc. has entered into a $1.24 billion amended and restated credit agreement with Bank of America and other lenders. The agreement includes a $280 million revolving loan facility, a $310 million initial term loan, and a $650 million delayed draw term loan, secured by the company's personal property. It allows for potential increases in loan facilities up to $620 million based on financial performance. As of the closing date, $310 million of term loans were outstanding.
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