CCC Intelligent Solutions Holdings Inc. announced an amendment to its Credit Agreement on January 23, 2025. The amendment involves the addition of $225 million in incremental term loans, used to refinance existing loans, extend loan maturity to January 23, 2032, remove the credit spread adjustment for SOFR loans, and reduce the interest rate margins. The updated margins are 1.00% for base rate loans and 2.00% for SOFR loans if certain credit ratings are below BB- and Ba3, and 0.75% for base rate loans and 1.75% for SOFR loans if the ratings are BB- or Ba3 or better.

Starting March 31, 2025, the loans will be repayable quarterly at 0.25% of the original principal, with the balance due at maturity. The loans are guaranteed by subsidiary guarantors and secured by a first-priority lien on substantially all of their assets.

This amendment reflects the company's strategy to optimize its financial structure.