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Progress Software announces credit agreement

Nov. 27, 2017 5:23 PM ETProgress Software Corporation (PRGS) StockPRGSBy: Brandy Betz, SA News Editor
  • Progress Software (NASDAQ:PRGS) announces entering into an amended and restated credit agreement providing for a $123.75M secured term loan and a $150M secured revolving credit facility.
  • Facility can increase by up to $125M if lenders are willing to make the commitment.       
  • Previously: Progress Software seeks to expand board (Oct. 24)

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