On January 26, 2016, Total System Services, Inc. reached agreements to amend certain terms of its existing credit facilities entered into on September 10, 2012 and its existing term loan facility entered into on April 8, 2013 (collectively with the 2012 Credit Facilities, the Existing Credit Facilities). These amendments became effective as of January 26, 2016, and amended certain provisions, including, among other things, modifying the conditions to borrowing the revolving loans to fund the Acquisition so that such conditions are substantially consistent with the ones for borrowing under the Bridge Term Loan Facility to fund the Acquisition, permitting the Acquisition, excluding certain escrowed or segregated indebtedness incurred by the company to finance the Acquisition from the calculation of the company's financial covenants under each of the Existing Credit Facilities and increasing permitted maximum consolidated leverage ratio from 3.00 to 1.00 to 4.25 to 1.00 following the Acquisition closing, subject to certain step-downs over time depending on the date the Acquisition closes.