, a provider of credit scoring systems, said Monday it closed a $300 million revolving credit facility with a syndicate of six financial institutions. Subject to certain terms and conditions, the credit facility will have a maturity of five years and may be increased to $500 million.
The company plans to use the proceeds for working capital and general corporate purposes and also for refinancing of existing debt, acquisitions, and repurchase of common stock, the Minneapolis-based company said.
Shares were up 30 cents, or 0.8% at $36.50 Monday.
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