Integral Ad Science (IAS) has announced the completion of an expanded credit facility, including a second amendment to its credit agreement with a syndicate of banks. The amendment extends the maturity of the revolving credit facility to June 17, 2030, and introduces a new $30 million sub-facility for swingline loans, in addition to its existing $100 million currency sublimit and $30 million sub-facility for standby letters of credit.
Furthermore, the credit agreement amendment includes an increased accordion feature, subject to lender approval, which now permits IAS to increase borrowings under the credit agreement from $300 million to at least $550 million.
As of March 31, 2025, IAS reported a healthy liquidity profile, with $59 million in cash and cash equivalents. Alpana Wegner, the Chief Financial Officer of IAS, noted that the amendment to the credit agreement provides the company with the opportunity to increase its borrowing capacity, enables greater financial flexibility, and supports its growth.
Integral Ad Science (IAS) is a leading global media measurement and optimization platform, delivering actionable data to drive superior results for advertisers, publishers, and media platforms. The company's software provides comprehensive and enriched data to ensure ads are seen by real people in safe and suitable environments, while improving return on ad spend for advertisers and yield for publishers. As a result of these announcements, the company's shares have moved -0.12% on the market, and are now trading at a price of $8.21. For more information, read the company's full 8-K submission here.
