Global professional services firm Huron announced it has amended its senior secured credit facility, with Bank of America listed as administrative agent. Among other items, the amended credit facility:

• Extends the maturity date from March 31, 2020 to March 23, 2023
•  Increases the maximum permitted consolidated leverage ratio (as defined in the amended credit facility) throughout the term.
• Increases the allowable aggregate amount of increases to the revolving line of credit or new or additional term loans from $100 million to $150 million
• Increases the base amount of allowable restricted payments when the consolidated leverage ratio is greater than 3.00 to 1.0 from $50 million to $75 million.
• Makes certain changes to the definition of consolidated EBITDA.

“The amended credit facility provides us with the capacity and flexibility to support our new vision and enterprise strategy, which we believe will deliver sustainable organic revenue growth over time,” said John D. Kelly, chief financial officer of Huron. “We are thrilled to have the continued support for our company and our strategic direction from our syndicate of lenders and are pleased to continue our strong relationships with Bank of America and JPMorgan Chase.”