CRA expands credit facility to $400M, adds two new lenders

What's the deal? CRA InternationalDealroom has a profile for this one. Try Dealroom →, the parent of consulting firm Charles River Associates, has increased and extended its credit facility to $400 million through a six-bank lending syndicate. The five-year facility comprises US$48.5M term loan and US$210.3M revolving credit line.

Why now? The new agreement replaces US$194.1M revolving facility that was scheduled to mature in August 2027. CRA will use the proceeds to repay borrowings under the prior facility, support working capital, invest in continued growth and fund general corporate purposes.

Who's involved? The lending group includes longtime banking partners Bank of AmericaDealroom has a profile for this one. Try Dealroom → and Eastern BankDealroom has a profile for this one. Try Dealroom →. BMODealroom has a profile for this one. Try Dealroom → and M&T BankDealroom has a profile for this one. Try Dealroom → joined as new lenders.

The signal. The expanded facility gives CRA additional liquidity and financial flexibility as it invests in its global economic, financial and management advisory operations.

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Image credit: CRA International