Dye & Durham upsizes borrowing capacity to $700 million

By Taylor Fox

New York, March 23 – Dye & Durham Ltd. amended its existing financing arrangement to increase total borrowing capacity to $700 million, according to a news release.

The arrangement comprises a $245 million term loan and a $455 million revolver.

The arrangement matures on Sept. 25, 2024.

Currently, $245 million of the term loan is drawn, and the full amount of the $455 million revolver is available.

Dye & Durham is a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals based in Vancouver.

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