Apex Trader Funding - News
P10 Expands Credit Agreement to $500 Million
Upsized facilities offer financial flexibility and diversify lending syndicate
JPMorgan Chase Bank, N.A., KeyBanc Capital Markets Inc., and Texas Capital Bank served as Joint Lead Arrangers and Joint Bookrunners
DALLAS, Aug. 05, 2024 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE:PX) (the "Company"), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders.
"Our upsized credit facilities strengthen P10's balance sheet, while offering ample financial flexibility as we execute our organic and inorganic growth roadmap," said Amanda Coussens, Executive Vice President, Chief Financial Officer and Chief Compliance Officer. "This successful refinancing which was led by JPMorgan Chase Bank, N.A., KeyBanc Capital Markets, Inc., and Texas Capital Bank, extends maturities for an additional four years to August 2028. I want to thank our lending partners, many of whom we have worked with for years, for their belief in P10's vision for accelerated growth."
JPMorgan Chase Bank, N.A., KeyBanc Capital Markets, Inc., and Texas Capital Bank served as Joint Lead Arrangers and Joint Bookrunners. The bank syndicate represents a diversified group of 14 lenders.
The Company will use the loan proceeds to pay off the outstanding borrowings under its existing credit facility and execute previously stated organic ...