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Vertex amends credit agreement to allow for more convertible debt
Chicago, April 24 – Vertex, Inc. amended its credit agreement on April 19 with PNC Bank, NA as the administrative agent to allow for more convertible debt, according to an 8-K filing with the Securities and Exchange Commission.
The credit agreement previously allowed up to $200 million of approved convertible debt but now allows for up to $300 million.
Vertex was in the market with a $250 million offering of convertible notes that was upsized during pricing to $300 million.
Vertex, based in King of Prussia, Pa., is a tax technology software and services company.
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