ServiceTitan Expands Revolving Credit Facility to $250 Million and Extends Term to 2031
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ServiceTitan Inc. has expanded its revolving credit facility from $140 million to $250 million and extended the maturity date to January 30, 2031. The amendment includes a new pricing structure, replaces previous financial covenants with a total net leverage covenant, and offers greater flexibility regarding certain negative covenants. ServiceTitan also repaid its outstanding $107 million term loan prior to this amendment, with no loans outstanding under the revised agreement as of the amendment date.
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