$150m committed across 1 active facility, next covenant test Sep 30, 2026. UPWK
Net leverage: when the limit steps, and which way the company's ratio has been moving.
Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period to be greater than 2.50 to 1.00.Read the filing on sec.gov ↗
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period to be less than 1.25 to 1.0.Read the filing on sec.gov ↗
Signed Jun 23, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $150m | Jun 2029 | 200–250 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level 1 | < 0.75:1.00 | 200 bps | 20 bps |
| Level 2 | > 0.75:1.00 but < 1.50:1.00 | 225 bps | 25 bps |
| Level 3 | > 1.50:1.00 | 250 bps | 30 bps |
§1.01
Lenders: BOFA SECURITIES, INC., WELLS FARGO SECURITIES, LLC
No amendments on file yet.
Email [email protected].