10:59 AM EDT, 08/05/2024 (MT Newswires) -- P10 (PX) said Monday that it has secured an amended credit agreement, increasing its total credit capacity to $500 million and extending the facilities' maturity to August 2028.

The upsized credit capacity comprises $175 million in senior secured revolving credit facility and $325 million in senior secured term loan facility. The amended agreement also offers the ability to raise the credit capacity by up to $125 million, subject to conditions, the company said.

P10 said it plans to use the proceeds to repay existing borrowings and support growth initiatives.

Shares of P10 were down 4.1% in recent trading.

Price: 8.96, Change: -0.38, Percent Change: -4.07