Well-Positioned to Drive Personalized Education
Significant Progress on Deleveraging
$1,454
$1,461
10.1x
9.0x
Reduced net
debt by 55%
post-IPO
$651
4.1x
1Q21
2Q21
3Q21
Net debt
Net leverage ratio (TTM)
•
Long-term Net
Leverage Target
3x - 4x
During Q3 2021, used IPO proceeds and
cash from operations to repay in full:
$320M outstanding principal on
Bridge Loan
$365M on Second Lien term loans
$95M on Revolver
$69.1M on Incremental Facility
Only First Lien term loans remain
outstanding, with July 2025 maturity
Predictable recurring revenue, stable
customer base and profitable business
model create comfort in operating with
debt balance
PowerSchool
Note: Net leverage ratio defined as net debt at end of period divided by adjusted EBITDA over the trailing twelve months. Net debt is defined as total debt less cash and
cash equivalents.
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