i3 Verticals unit signs amended, restated $350 million revolving credit facility with JPMorgan Chase Bank
IIIV•i3 Verticals LLC amended and restated its credit agreement on Oct. 9, 2026, replacing a May 2023 facility with a $350 million senior secured revolving credit facility led by JPMorgan Chase as administrative agent.
1. Facility terms
The agreement allows the borrower to seek incremental term loans or revolving commitments up to the greater of $100 million or 100% of trailing four-quarter consolidated EBITDA. Pricing varies with net leverage: Term SOFR loans carry a 1.5% to 2.5% margin, while base-rate loans carry a 0.5% to 1.5% margin.
2. Security and covenants
The facility includes leverage and interest-coverage covenants. Obligations are guaranteed and secured by first-priority liens on substantially all assets.
