Public Policy Holding Company Inc Di Reg S Cat3 — New $105 Million Senior Secured Credit Facility

(LSE:PPHC) Public Policy Holding Company, Inc. has secured a five-year senior secured credit facility totaling $105 million. The facility is comprised of a $65 million term loan and a $40 million revolving credit component. The company plans to syndicate the facility up to $150 million. There is also an uncommitted accordion feature allowing for an increase of up to $50 million. The interest rate on the facility is set at SOFR plus 185–230 basis points. Unused-commitment fees range from 15 to 25 basis points. The term loan amortizes at 5.0% in years 1 and 2, 7.5% in years 3 and 4, and 10.0% in year 5. The remaining balance of the term loan is due at maturity on November 2, 2031. Proceeds from the facility will be used to refinance approximately $39.8 million of existing debt. The facility will also fund the immediate drawdown required for the Reevemark acquisition. Additional capacity from the facility will be available for mergers and acquisitions and working capital purposes. The structure of the facility provides flexibility for future growth initiatives. The company has not disclosed the identities of the lenders or syndicate participants. The announcement does not specify any regulatory or exchange approval requirements for the facility. The facility's terms are designed to support both refinancing and expansion activities. The maturity date for the facility is November 2, 2031.