Consensus Cloud Solutions: enters $525,000,000 amended credit agreement

What happened The filing says the company entered into an Amended and Restated Credit Agreement with certain lenders and U.S. Bank National Association, as agent, which amends and restates the company’s existing credit agreement dated Jul 9, 2025. The Credit Agreement provides a senior secured revolving credit facility of $225,000,000 and a senior secured delayed-draw term loan facility of $300,000,000, for a combined available Credit Facility of $525,000,000, with final maturity on Sep 30, 2031, subject to customary accelerators.

Key details

• As of Sep 30, 2026, no amounts had been drawn on the new Credit Facility other than to transfer existing obligations; approximately $348,200,000 of 6.50% senior notes due 2028 remained outstanding as of Sep 30, 2026.
• The company may borrow, repay and reborrow under the $225,000,000 revolver during the term; the $300,000,000 delayed-draw term loan may be borrowed until Oct 15, 2028, but prepaid amounts under the DDTL may not be reborrowed.
• Interest rate options are base rate plus an applicable margin of 0.75% to 1.50% or SOFR plus an applicable margin of 1.75% to 2.50%; the company may enter into swaps to manage interest-rate exposure.
• The Credit Facility is guaranteed by each wholly-owned material domestic subsidiary and is secured by substantially all assets of the company and guarantors, subject to customary exceptions; it includes covenants limiting dividends, certain restricted payments, liens, affiliate transactions, mergers, indebtedness, acquisitions and asset transfers.
• The Credit Agreement contains a maximum total net leverage ratio covenant and a minimum fixed charges coverage ratio covenant, each tested quarterly. The filing states the company expects to use proceeds from the DDTL Facility to retire the 6.50% senior notes on or about Oct 15, 2027, when they become redeemable at 100% of principal plus accrued interest.

Why it may matter The filing reports Item 1.01 (entry into a material definitive agreement) describing the amended and restated Credit Agreement and Item 2.03 (creation of a direct financial obligation) reflecting the Credit Facility and related obligations. The filing does not show why the insider traded or why the company acted.