HireRight increases revolver to $145 million, extends maturity to 2027

By Wendy Van Sickle

Columbus, Ohio, June 7 – HireRight Holdings Corp. subsidiary Genuine Financial Holdings LLC increased commitments under its revolving credit facility to $145 million from $100 million via a June 3 amendment to its first-lien credit agreement with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the maturity date was extended to June 3, 2027 from July 12, 2023, and the interest benchmark was converted to term SOFR from Libor.

The existing term loans under the credit agreement remained in effect. No borrowings were drawn at closing on the revolver, which had $143.5 million of availability after giving effect to $1.5 million of outstanding letters of credit.

Irvine, Calif.-based HireRight and Chapin, S.C.-based General Information Services are providers of background screening and talent acquisition services.

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