Progress Software Corporation has announced an amendment to its existing credit agreement, enhancing its revolving credit facility from $900 million to $1.5 billion. This Fifth Amended and Restated Credit Agreement extends the maturity date to July 31, 2030, and aims to support the company's continued growth and strategic acquisitions. The arrangement was facilitated by JPMorgan Chase Bank, N.A. as Administrative Agent, with contributions from Citibank, N.A., Wells Fargo Bank, N.A., and others as syndication and documentation agents. This expanded facility provides Progress with increased liquidity and flexibility to execute its Total Growth Strategy.
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