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Intapp (NASDAQ: INTA) secures new $150M five-year revolving credit line

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Intapp, Inc. entered into a new five-year senior secured revolving credit facility for $150.0 million with UBS AG, Stamford Branch as administrative agent. The facility includes a $10.0 million subfacility for letters of credit and allows the company, subject to conditions, to seek up to $75.0 million in additional revolving credit commitments, with the potential for further Incremental Commitments, including term loans.

Borrowings will bear interest at either Term SOFR plus 1.50%–2.25% or an alternate base rate plus 0.50%–1.25%, depending on the total net leverage ratio, with an unused commitment fee of 0.25%–0.40%. The facility is guaranteed by material wholly owned subsidiaries and secured by a first-priority pledge of equity in first-tier subsidiaries and substantially all non-real-estate assets. Proceeds may be used for working capital, general corporate purposes and acquisitions. Concurrently, Intapp terminated its prior credit agreement; as of closing, no amounts were outstanding under the new facility.

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Revolving Credit Facility Size $150.0 million Five-year senior secured revolving credit facility
Letter of Credit Subfacility $10.0 million Subfacility limit for letters of credit within the revolver
Additional Revolving Commitments $75.0 million Maximum incremental revolving credit commitments the company may seek
SOFR Margin Range 1.50%–2.25% Interest spread over Term SOFR based on total net leverage ratio
Alternate Base Rate Margin Range 0.50%–1.25% Interest spread over alternate base rate based on total net leverage ratio
Commitment Fee Range 0.25%–0.40% Annual fee on unused revolver commitments tied to leverage ratio
senior secured revolving credit facility financial
"provides for a five-year, senior secured revolving credit facility of $150.0 million"
A senior secured revolving credit facility is a multi‑use bank lending line that a company can draw, repay and redraw as needed, backed by specific assets and ranked first in repayment order if the company defaults. Think of it like a collateralized credit card that gives flexible short‑term cash while lenders hold priority to recover their money; investors watch it because it affects a company’s liquidity, borrowing cost, and who gets paid first in financial distress.
Term SOFR financial
"bear interest, at the Company’s election, at an annual rate of either (a) Term SOFR plus a percentage"
Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.
alternate base rate financial
"or (b) an alternate base rate (as described in the New Credit Agreement) plus a percentage"
Benchmark Transition Event financial
"upon the occurrence of a Benchmark Transition Event (each as defined in the New Credit Agreement)"
Incremental Commitments financial
"the Company may seek additional Incremental Commitments, including Term Loan Commitments"
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FAQ

What size credit facility did Intapp (INTA) obtain on July 7, 2026?
Intapp entered into a $150.0 million senior secured revolving credit facility. The agreement also includes a $10.0 million letter-of-credit subfacility and the ability to seek up to $75.0 million in additional revolving commitments, with further Incremental Commitments possible.

How will Intapp (INTA) use the new $150 million revolving credit facility?
Intapp may use borrowings for working capital and general corporate purposes, including acquisitions. The facility can also provide credit support for an existing letter of credit that was previously issued under the now-terminated prior credit agreement.

What interest rates apply to Intapp’s (INTA) new revolving credit facility?
Borrowings will bear interest at either Term SOFR plus 1.50%–2.25% or an alternate base rate plus 0.50%–1.25%. The applicable margin and a 0.25%–0.40% unused commitment fee both vary based on Intapp’s total net leverage ratio.

Does Intapp (INTA) have any borrowings outstanding under the new credit facility?
As of the closing date, no amounts were outstanding under the new $150.0 million revolving credit facility. The agreement establishes committed funding capacity, subject to covenants and conditions, but initial utilization was zero at closing.

What collateral and guarantees support Intapp’s (INTA) new credit facility?
The facility is guaranteed by material wholly owned subsidiaries and secured by a first-priority pledge of all capital stock of each first-tier subsidiary and substantially all non-real-estate assets. Initially, no foreign subsidiary is a guarantor, subject to tax-related limitations.

What happened to Intapp’s (INTA) prior credit agreement?
Concurrently with entering the new UBS-led facility, Intapp terminated its prior credit agreement dated October 5, 2021 with JPMorgan Chase Bank. The new agreement replaces the earlier arrangement and governs future revolving borrowings and related covenants.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 7, 2026
 
Intapp, Inc.
(Exact name of Registrant as Specified in Its Charter)
 
 
   
Delaware 001-40550 46-1467620
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
 
3101 Park Blvd
Palo Alto, California
 
94306
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (650) 852-0400
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.001 per share
 
INTA
 
The Nasdaq Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
1
 
 
 
Item 1.01
Entry into a Material Definitive Agreement.
 
On July 7, 2026, Intapp, Inc. (the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) among the Company, the guarantors party thereto, the lenders party thereto and UBS AG, Stamford Branch, as Administrative Agent. The New Credit Agreement provides for a five-year, senior secured revolving credit facility of $150.0 million (the “New Revolving Credit Facility”), with a subfacility for letters of credit in the aggregate amount of up to $10.0 million. The New Credit Agreement also provides that the Company may seek additional revolving credit commitments in an aggregate amount not to exceed $75.0 million; provided, however, that subject to certain conditions set forth in the New Credit Agreement, the Company may seek additional Incremental Commitments, including Term Loan Commitments (each as defined in the New Credit Agreement), in excess of such amount. Proceeds of borrowings under the New Revolving Credit Facility will be used for working capital and general corporate purposes of the Company and its subsidiaries, including acquisitions and to provide credit support for the Company's existing letter of credit previously issued under that certain Credit Agreement, dated as of October 5, 2021 (as amended, the “Prior Credit Agreement”), among the Company, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Concurrently with the Company’s entry into the New Credit Agreement, the Company terminated the Prior Credit Agreement. As of the closing date, no amounts were outstanding under the New Revolving Credit Facility.
 
Borrowings under the New Revolving Credit Facility will bear interest, at the Company’s election, at an annual rate of either (a) Term SOFR plus a percentage spread (ranging from 1.50% to 2.25%), or (b) an alternate base rate (as described in the New Credit Agreement) plus a percentage spread (ranging from 0.50% to 1.25%), in each case based on the Company’s total net leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the New Revolving Credit Facility at an annual rate ranging from 0.25% to 0.40%, based on the Company’s total net leverage ratio. The New Credit Agreement provides for customary benchmark replacement and rate fallback provisions, including a fallback to Daily Simple SOFR plus an applicable percentage spread (ranging from 1.50% to 2.25%) upon the occurrence of a Benchmark Transition Event (each as defined in the New Credit Agreement).
 
The New Revolving Credit Facility is guaranteed by each of the Company’s material wholly-owned domestic subsidiaries and, subject to the absence of materially adverse tax consequences, each of the Company’s material wholly-owned foreign subsidiaries. Initially, no foreign subsidiary of the Company is a guarantor.
 
In connection with the execution of the New Credit Agreement, the Company also entered into a pledge and security agreement (the “Security Agreement”) dated as of July 7, 2026 with the subsidiaries of the Company identified therein and UBS AG, Stamford Branch as collateral agent for the secured parties identified therein. Under the Security Agreement, borrowings under the New Revolving Credit Facility are secured by a first priority pledge of all of the capital stock of each first-tier subsidiary of the Company and the subsidiary guarantors, subject to customary limitations with respect to foreign subsidiaries, and substantially all of the assets (excluding real estate interests) of the Company and the subsidiary guarantors.
 
The New Credit Agreement provides that the Company must maintain compliance with a maximum consolidated total net leverage ratio covenant, as determined in accordance with the New Credit Agreement.
 
The New Credit Agreement also contains affirmative, negative and financial covenants customary for financings of this type, including, among other things, limitations on certain other indebtedness, loans and investments, liens, mergers, asset sales, and transactions with affiliates, as well as customary events of default.
 
The foregoing descriptions of the New Credit Agreement and the Security Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the New Credit Agreement and the Security Agreement, each of which will be filed with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026.
 
2
 
 
 
Item 1.02
Termination of a Material Definitive Agreement.
 
 
The information set forth in Item 1.01 hereof is incorporated herein by reference.
 
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
 
The information set forth in Item 1.01 hereof is incorporated herein by reference.
 
3
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
     
 
Intapp, Inc.
 
 
 
Date: July 13, 2026
By:
/s/ Steven Todd
 
 
Name: Steven Todd
 
 
Title: General Counsel
 
 
0001565687 false 0001565687 2026-07-07 2026-07-07

Source: View Original Filing on SEC EDGAR

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