Huron secures $1.1 billion credit facility with extended maturity

Published 31/07/2025, 21:10
Huron secures $1.1 billion credit facility with extended maturity

CHICAGO - Professional services firm Huron (NASDAQ:HURN), with a market capitalization of $2.1 billion, announced Thursday it has refinanced and expanded its senior secured credit facility, increasing its borrowing capacity to $1.1 billion while extending the maturity date to July 2030.

The amended facility consists of a $700 million revolving credit facility and a $400 million term loan, replacing the previous arrangement that was set to mature in November 2027. The company said the new terms also improve pricing and provide greater flexibility for capital deployment. According to InvestingPro data, Huron maintains a healthy current ratio of 2.08, indicating strong liquidity position and ability to meet short-term obligations.

"This amended and restated credit facility further strengthens our balance sheet and provides the flexibility to execute on our capital deployment priorities: returning capital to shareholders while maintaining our target leverage ratio and completing programmatic tuck-in acquisitions," said John D. Kelly, chief financial officer of Huron. The company’s commitment to shareholder returns is evident through management’s aggressive share buyback program, as highlighted in InvestingPro’s analysis, which offers additional insights through its comprehensive Pro Research Report.

The refinancing received strong support from lenders, resulting in oversubscribed demand, according to the company. Bank of America, JPMorgan Chase Bank, N.A., and PNC Bank, National Association participated in the transaction along with a syndicate of other lenders.

Huron indicated that additional details regarding the amended credit facility will be included in an upcoming Form 8-K filing with the Securities and Exchange Commission.

The company describes itself as a global professional services firm that collaborates with clients on strategy development, operations optimization, and digital transformation initiatives. With revenue growth of approximately 9% over the last twelve months and an "GREAT" financial health score from InvestingPro, Huron demonstrates strong operational performance in its sector.

The information in this article is based on a press release statement from Huron.

In other recent news, Huron Consulting Group announced its agreement to acquire Eclipse Insights, a firm specializing in healthcare revenue cycle consulting. This acquisition aims to enhance Huron’s capabilities in delivering comprehensive revenue cycle solutions for healthcare providers. In addition, Benchmark analysts reaffirmed their Buy rating for Huron Consulting, maintaining a price target of $165.00. This decision comes after discussions with Huron’s senior management, highlighting a stable outlook amid recent government actions affecting its Healthcare and Education clients.

Furthermore, Huron Consulting expanded its incentive plan following a vote at its Annual Meeting. Stockholders approved an amendment to the company’s Omnibus Incentive Plan, authorizing an additional 900,000 shares for issuance. The meeting also saw the election of new board members and the ratification of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2025. These developments reflect Huron’s ongoing efforts to adapt and grow in a challenging business environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.