DoubleVerify enters $200 million senior secured revolving credit facility maturing 2029
On August 12, 2024, DoubleVerify Inc. entered a credit agreement for a new $200.0 million senior secured revolving credit facility that replaces its existing revolver in full. The facility matures August 12, 2029, and the filing says it is guaranteed by DoubleVerify Holdings, Inc. and secured by assets of certain subsidiaries, but not by the parent company itself. The agreement includes covenants that restrict dividends, share repurchases, additional debt and acquisitions, and requires a maximum total net leverage ratio of 4.50:1.00.
Key points
- $200.0 million senior secured revolving facility, with a letter of credit sublimit of up to $20.0 million, terminating August 12, 2029.
- Replaces the existing revolving facility under a credit agreement dated October 1, 2020.
- Interest at Term SOFR plus 2.00% to 2.75%, or ABR plus 1.00% to 1.75%, depending on total net leverage; commitment fee of 0.25% to 0.35%.
- Maximum total net leverage ratio of 4.50:1.00 tested each quarter beginning with the quarter ending March 31, 2025; covenants limit dividends and share repurchases.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 August 12, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.