ICF prepares for more acquisitions

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ICF International has signed an amendment to its credit facility to increase its ability to grow organically and through acquisitions.

The amendment allows the Fairfax-based IT contractor to borrow up to $500 million.

“This amended credit facility provides us with additional flexibility to take advantage of acquisition opportunities to complement the organic growth of our business and help further shareholder returns,”  ICF International Chairman and CEO Sudhakar Kesavan said in a statement. “Along with our strong cash flow, the facility enhances our mergers and acquisition program, where we continue to serve as an excellent growth platform for companies that are operating in high-priority commercial and government areas.”

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