Jamf Holding Corporation has announced an amendment to its existing credit agreement, originally dated May 3, 2024. The amendment, effective May 21, 2025, introduces an Incremental Term Loan Facility amounting to $400 million. This new facility, governed by the same covenants and default conditions as Jamf's existing revolving credit facility, is backed by a security interest in the personal property and assets of Jamf's subsidiaries. The funds from this facility are earmarked for multiple purposes: financing the acquisition of Identity Automation Systems, LLC, repurchasing part of its convertible senior notes due in 2026, covering associated fees and expenses, and supporting general corporate purposes and working capital. The agreement involved JPMorgan Chase Bank, N.A., serving as administrative agent, along with other lenders.
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