Vertex Inc. Amends Credit Agreement to Allow Greater Dividend and Share Repurchase Flexibility
Vertex Inc. has amended its credit agreement with PNC Bank to allow greater flexibility in dividends and share repurchases, provided no default occurs and a secured debt net leverage ratio below 2.50 to 1.00 is maintained. This amendment enhances the original agreement from November 4, 2025.
Vertex Inc. has entered into a First Amendment to its Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, and other lenders. The amendment, signed on November 14, 2025, provides Vertex Inc. with increased flexibility to make dividends or distributions, including share repurchases, under certain conditions. Specifically, these actions are permitted as long as no event of default has occurred or would result from such actions, and the company maintains a pro forma secured debt net leverage ratio of less than 2.50 to 1.00. This amendment builds upon the original credit agreement dated November 4, 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-114633), on November 20, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
