Stamps.com amends and restates $130 million credit agreement

Chicago, July 6 – Stamps.com Inc. entered into an amended and restated credit agreement on June 29 for its $130 million revolver with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The facility includes a $1 million sublimit for letters of credit and a $5 million sublimit for working capital and general corporate purposes.

The maturity date for the revolver is June 29, 2022.

Pricing will range from Libor plus 225 basis points to Libor plus 300 bps, depending on the consolidated total leverage ratio.

The commitment fee, also based on the leverage ratio, will range from 25 bps to 40 bps.

Proceeds are to be used for working capital and general corporate purposes.

Joint lead arrangers and joint bookrunners are Wells Fargo Securities, LLC, BofA Securities, Inc. and JPMorgan Chase Bank, NA.

Wells Fargo Bank is also the swingline lender and issuing lender.

Stamps.com is an El Segundo, Calif.-based provider of internet-based postage services.

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