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May 20, 2014
07:03 EDTICFIICF International announces amendment and extension of credit facility
ICF International has signed and closed a new amendment and extension of its credit facility, which continues to allow for borrowings of up to $500M. The new amendment reflects the company’s strong capital position and financial flexibility, providing an ongoing ability to drive growth organically and through strategic acquisitions inside and outside of the United States. The new amendment amends the senior secured credit agreement signed in March 2012. The term of the new credit agreement will expire on May 16, 2019, and continues to permit revolver borrowings of up to $400M along with an accordion feature that would allow the facility to expand by an additional $100M. The new amendment will allow ICF to borrow in certain foreign currencies and to enter into local financial arrangements for its foreign subsidiaries. The agreement also provides ICF with more flexibility for other financial obligations and allows the company to expand its stock repurchase program.
News For ICFI From The Last 14 Days
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October 1, 2015
16:10 EDTICFIICF International reports on future leadership change of its DSG
ICF International reported on John Partilla's intention to take a CEO position at a New York-based private equity backed media company at the end of this year. Serving as the head of ICF's Digital Services Group, DSG, since its formation at the beginning of this year, John Partilla was the former CEO of Olson, the digital marketing company that ICF acquired from its private equity owner in 2014. The DSG business is a combination of ICF's legacy commercial and state and local digital services business and the Olson acquisition. Commenting on the future leadership change, ICF Chairman and CEO Sudhakar Kesavan said, "DSG has been an important contributor to ICF's total revenue growth in the first half of 2015, and it continued to perform as expected in the third quarter of this year. Much of the groundwork has been laid for DSG to become a substantial organic revenue growth driver for ICF in 2016 and beyond. We are disappointed that J.P. will be leaving the company later this year, but at the same time, we thank him for his contributions and wish him continued success in his new endeavor. ICF has engaged an executive search firm to assist in the identification and assessment of internal and external candidates for the DSG leadership role.
September 30, 2015
07:05 EDTICFIICF International awarded $7M task order by CDC
ICF International was recently awarded a new task order by the Centers for Disease Control and Prevention, Center for Surveillance, Epidemiology, and Laboratory Services, Division of Scientific Education and Professional Development. The task order, which was issued under the CDC Information Management Services contract, has a value of $7.1M and a term of four years, including one base and three option years. ICF will facilitate the development, delivery and maintenance of the systems that support DSEPD's fellowship activities and ensure these systems are readily accessible to the global public health community. This includes managing two of its most critical systems: the Fellowship Management System and the Training and Continuing Education Online System.
September 29, 2015
16:08 EDTICFIICF International awarded $5M contract by U.S. Department of Health
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07:01 EDTICFIICF International awarded $31.2M contract by HUD
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September 28, 2015
07:00 EDTICFIICF International awarded $13.5M contract by California Lottery
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