Upland Software, Inc., a leader in AI-powered knowledge and content management software, has announced the successful completion of a debt refinancing agreement with Sound Point Capital. The company secured a new $240 million, six-year term loan, extending the maturity of its debt to 2031, and a $30 million revolving credit facility. This refinancing is aimed at enhancing Upland Software's financial flexibility, enabling further investment in its software solutions and driving long-term value for customers and shareholders. The legal advisors for this agreement were Morrison & Foerster LLP for Upland Software and Paul Hastings LLP for Sound Point Capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.