ServiceTitan, Inc. announced it has amended its credit agreement, increasing its total revolving credit facility capacity to $250 million and extending the maturity date. As part of the amendment, the company also voluntarily repaid its existing term loan of approximately $107 million and modified financial covenants for greater flexibility.

Key Details

  • Increased Facility: The revolving credit facility was increased by $110 million, from $140 million to a new total capacity of $250 million.
  • Extended Term: The maturity date of the credit agreement has been extended through January 30, 2031.
  • Debt Repayment: The company repaid its outstanding term loan of approximately $107 million in full. No loans were outstanding under the amended agreement as of the filing date.
  • Covenant Changes: Pricing, fees, and financial covenants will now be based on the company's total net leverage instead of LQA recurring revenue.