Prometric secures $175M credit line

Baltimore’s Prometric Inc., a test development company, said Thursday it secured a $175 million credit agreement with TD Securities and nine other banks.

The credit agreement includes a five-year, $165 million term loan with TD Securities and a five-year, $10 million revolving line of credit with nine banks.

The credit will be used to refinance debt from Prometric’s purchase by parent company, Educational Testing Service and advancing its test services.

Prometric develops and administers testing...