Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that it has amended its existing financing arrangement, increasing the Company’s total borrowing capacity to $700 million, comprised of a term loan of $245 million and a revolving facility of $455 million. The entire financing arrangement now matures on September 25, 2024.
“Combined with cash on hand, this amended credit facility provides the Company with access to over $1.0 billion in capital to execute against strategic opportunities in our acquisition pipeline,” said Matt Proud, Chief Executive Officer of Dye & Durham. “We see a clear path to increasing the value we deliver to customers as we execute against the next phase of our strategic plan, of which acquisitions will be a critical component.”