Consensus Cloud Solutions signs $525 million credit facility to retire 2028 notes
On September 30, 2026, Consensus Cloud Solutions entered an amended and restated credit agreement with U.S. Bank National Association as agent, providing a $225.0 million senior secured revolving facility and a $300.0 million senior secured delayed-draw term loan maturing September 30, 2031. The company expects to use the term loan proceeds to retire its 6.50% senior notes due 2028, of which about $348.2 million were outstanding as of September 30, 2026, and the filing says no amount had been drawn beyond transferring existing obligations. The agreement includes covenants that restrict dividends, certain restricted payments, liens, acquisitions and asset sales, which shareholders should weigh against the added debt.
Key points
- Revolving facility of $225.0 million and delayed-draw term loan of $300.0 million, with final maturity on September 30, 2031
- Term loan may be drawn until October 15, 2028, and prepaid or repaid amounts cannot be reborrowed
- Company expects to use term loan proceeds to retire the 6.50% senior notes due 2028 on or about October 15, 2027, when they become redeemable at 100% of principal plus accrued interest
- Interest at base rate or SOFR plus a margin tied to total net leverage, with SOFR loans at 1.75%-2.50%; covenants restrict dividends and certain other actions
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.