Ebix, Inc.’s $650 Million Credit Facilities


Bass, Berry & Sims advised Ebix, Inc. (NASDAQ: EBIX) in connection with the refinancing of its existing term loan and revolving credit facilities totaling $650 million.

The syndicated bank group now comprises ten leading financial institutions that include Regions Bank, PNC Bank, BMO Harris Bank, Compass Bank, Fifth Third Bank, KeyBank, Bank of the West, Silicon Valley Bank, Cadence Bank and Trustmark National Bank. Regions Bank continued to lead the banking group while serving as the administrative and collateral agent. PNC Bank and BMO Capital Markets served as co-syndication agents, BBVA Compass and Fifth Third Bank served as co-documentation agent, and Regions Capital Markets, PNC Capital Markets and BMO Capital Markets acted as joint lead arrangers and joint book runners.

Ebix Inc is a leading supplier of On-Demand software solutions & E-commerce services to the insurance industry in Offshore & Custom software development. The company, led by Robin Raina, Sean T Donaghy and Robert F Kerris, in 2017 recorded $364 Million Revenues.

Bass, Berry & Sims advised with a team including Katie Day, Kris Kemp, Cynthia N. Sellers and Katherine Smalley

Involved fees earner: Katie Day – Bass Berry & Sims; Cynthia Sellers – Bass Berry & Sims; Katherine Smalley – Bass Berry & Sims; Kris Kemp – Bass Berry & Sims;

Law Firms: Bass Berry & Sims;

Clients: Ebix, Inc.;

Author: Ambrogio Visconti