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Dayforce Inc Secures $1 Billion for Strategic Financial Growth
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Dayforce Inc Secures $1 Billion for Strategic Financial Growth

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An announcement from Dayforce Inc (DAY) is now available.

Dayforce, Inc. has entered into a new Credit Agreement securing a total of $1 billion in credit facilities, consisting of a $650 million term loan and a $350 million revolving credit facility. These funds are backed by the company’s U.S. assets and come with staggered maturity dates of 2029 and 2031. The company benefits from the flexibility to prepay loans without penalties, subject to certain conditions, and must adhere to financial covenants, including a maximum leverage ratio. This strategic financial move replaces their former credit facility, enhancing their borrowing terms and providing robust financial leverage for future growth.

See more insights into DAY stock on TipRanks’ Stock Analysis page.

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