i3 Verticals enters $350 million amended revolving credit facility with JPMorgan
i3 Verticals, LLC, a subsidiary of i3 Verticals, Inc., entered into an Amended and Restated Credit Agreement on October 9, 2026, replacing its prior credit agreement dated May 8, 2023. The filing describes a $350 million senior secured revolving facility with JPMorgan Chase Bank, N.A. as administrative agent, with pricing tied to the company's net leverage ratio and financial covenants that include a minimum interest coverage ratio of 3.00 to 1.00 and a maximum net leverage ratio of 4.00 to 1.00.
Key points
- Replaces the Borrower's prior credit agreement dated May 8, 2023, which was amended over time
- Provides $350 million of aggregate revolving commitments, secured by first-priority interests in substantially all assets
- Permits additional commitments of the greater of $100 million or 100% of consolidated EBITDA for the last four quarters
- Covenants require interest coverage of at least 3.00 to 1.00 and net leverage of no more than 4.00 to 1.00
The filing
Written by AI on Nov 9, 2026, 8:53 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 09, 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.