RealPage amends facility, providing for up to $150 million revolver

By Jennifer Chiou

New York, Dec. 22 - RealPage, Inc. announced that it has amended its credit facility with Wells Fargo Capital Finance, LLC as administrative agent and Comerica Bank, JPMorgan Chase Bank, NA and Bank of America, NA as lenders.

The amended facility provides an up to $150 million revolving line of credit. It matures on Dec. 30, 2015 and converts the company's $57.9 million of outstanding term debt into revolving loans, according to a news release.

RealPage now has $92.1 million of unused borrowing capacity.

Borrowings will bear interest at Libor plus 250 basis points to 300 bps.

The Carrollton, Texas, company provides on-demand products and services to apartment communities and single-family rentals across the United States.

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