Huron Consulting Group, a leading provider of business consulting services, announced it has amended and restated its senior secured credit facility.

Among other items, the amended and restated credit facility:

• Eliminates the term loan and increases the revolving line of credit from $247.5 million to $500 million
• Increases the maximum permitted consolidated leverage ratio (as defined in the amended and restated credit facility) throughout the term and extends the maturity date from September 25, 2018 to March 31, 2020
• Lowers the interest rate spread by 25 to 50 basis points on pricing tiers for consolidated leverage ratios above 1.00 to 1.00

“The amended and restated credit facility provides us with the capacity and flexibility to support our strategic long-term goals for growth,” said C. Mark Hussey, chief operating officer and chief financial officer, Huron Consulting Group. “It also allows us to take advantage of the current credit market and obtain more favorable pricing through 2020. We are delighted to continue our strong relationships with Bank of America and JPMorgan Chase, and are very pleased with the ongoing support from our syndicate of lenders.”

Huron Consulting Group helps clients in diverse industries improve performance, transform the enterprise, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth.