InnerWorkings amends, lifting revolver size, pushing out maturity

By Sara Rosenberg

New York, April 26 - Inner Workings Inc. amended its credit facility, increasing the revolver to $150 million from $100 million and extending the maturity by one year to Aug. 2, 2015, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment reduced pricing by 35 basis points to a range of Libor plus 115 bps to 215 bps.

Also, the amendment provides for a $25 million accordion feature under the revolver and allows for the entrance into up to $50 million of securitization transactions, subject to certain conditions.

The amendment was completed on April 20.

Bank of America is the administrative agent on the deal.

InnerWorkings is a Chicago-based provider of global print management services.

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