Prometric, a trusted provider of market-leading test development and delivery solutions has signed a $175 million credit agreement with TD Securities, as lead arranger and agent, to refinance the remaining debt from Prometric’s purchase by parent company ETS (Educational Testing Service) in 2007. The financial deal is based on the strength and diversity of Prometric’s global business portfolio, products/service lines and the company’s superior financial performance over the past four years.
“Prometric focuses on being the trusted testing solutions partner that can deliver a full lifecycle of services better, faster and more cost effectively than other alternatives in the industry, and that has proven to be a successful business strategy for more than two decades,”
said Michael Brannick, President and CEO of Prometric.
“Our strong balance sheet and excellent credit standing helped us obtain optimally low rates, which over the next five years will contribute to our future growth in U.S. and international markets. The interest of such a highly respected financial partner as TD Securities to conduct business with us at this time is testimony to the superior performance we have proven in good economic times and bad, a great measure of respect for our world-class client partners and trends of stable growth and increasing demand for high-stakes testing and assessment solutions.”