Why Upland (UPLD) Stock Is Up Today
Shares of business automation software provider Upland Software (NASDAQ: UPLD) jumped 20.2% in the morning session after the company announced it had successfully refinanced its debt. The AI-powered software provider entered into an agreement with Sound Point Capital for a new six-year, $240 million term loan, which extended its debt maturity to 2031. The deal also included a $30 million revolving credit facility that further enhanced the company's financial liquidity. Investors reacted positively to the news because the refinancing improved Upland's financial flexibility. The company stated this allowed for further investment into its AI-powered knowledge and content management solutions, signaling a focus on future growth and long-term value.
Is now the time to buy Upland? Access our full analysis report here, it's free.
What Is The Market Telling Us
Upland's shares are extremely volatile and have had 66 moves greater than 5% over the last year. But moves this big are rare even for Upland and indicate this news significantly impacted the market's perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 24.9% on the news that the company reported strong third quarter earnings. Upland beat analysts' EBITDA expectations. While sales were in line during the quarter, next quarter's revenue guidance implied a more modest decline and came in higher than Wall Street's estimates. The company is also demonstrating strengths on the AI front, following the announcement of the Upland BA Insight for Microsoft Azure AI Search to help customers efficiently sort through their data. It is still too early to tell how UPLD's AI bets will play out, but the updates suggest the company is headed in the right direction. Overall, this quarter was solid, and the market is focused on positive aspects such as guidance.
Upland is down 46% since the beginning of the year, and at $2.42 per share, it is trading 54.4% below its 52-week high of $5.31 from December 2024. Investors who bought $1,000 worth of Upland's shares 5 years ago would now be looking at an investment worth $70.61.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
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Why Upland (UPLD) Stock Is Up Today
What Happened? Shares of business automation software provider Upland Software (NASDAQ: UPLD) jumped 20.2% in the morning session after the company announced it had successfully refinanced its debt. The AI-powered software provider entered into an agreement with Sound Point Capital for a new six-year, $240 million term loan, which extended its debt maturity to 2031. The deal also included a $30 million revolving credit facility that further enhanced the company's financial liquidity. Investors reacted positively to the news because the refinancing improved Upland's financial flexibility. The company stated this allowed for further investment into its AI-powered knowledge and content management solutions, signaling a focus on future growth and long-term value. Is now the time to buy Upland? Access our full analysis report here, it's free. What Is The Market Telling Us Upland's shares are extremely volatile and have had 66 moves greater than 5% over the last year. But moves this big are rare even for Upland and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock gained 24.9% on the news that the company reported strong third quarter earnings. Upland beat analysts' EBITDA expectations. While sales were in line during the quarter, next quarter's revenue guidance implied a more modest decline and came in higher than Wall Street's estimates. The company is also demonstrating strengths on the AI front, following the announcement of the Upland BA Insight for Microsoft Azure AI Search to help customers efficiently sort through their data. It is still too early to tell how UPLD's AI bets will play out, but the updates suggest the company is headed in the right direction. Overall, this quarter was solid, and the market is focused on positive aspects such as guidance. Upland is down 46% since the beginning of the year, and at $2.42 per share, it is trading 54.4% below its 52-week high of $5.31 from December 2024. Investors who bought $1,000 worth of Upland's shares 5 years ago would now be looking at an investment worth $70.61. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Business Wire
6 days ago
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Upland Software Announces the Successful Completion of Debt Refinancing
AUSTIN, Texas--(BUSINESS WIRE)--Upland Software, Inc. (Nasdaq: UPLD) (the 'Company' or 'Upland Software'), a leader in AI-powered knowledge and content management software, today announced that it has entered into an agreement with private credit direct lender Sound Point Capital to refinance its existing debt with a new $240 million, six-year term loan, extending the maturity of its debt to 2031. The new credit agreement also includes a $30 million revolving credit facility, further enhancing the Company's financial liquidity. 'We're pleased to complete this new credit facility with Sound Point Capital, their speed and certainty throughout this process was a differentiator,' said Jack McDonald, Chief Executive Officer and Chairman of Upland Software. 'This refinancing enhances our financial flexibility, allowing us to invest further in our AI-powered knowledge and content management software solutions and drive long-term value for our customers and shareholders.' 'Sound Point Capital's one-stop lending platform was the optimal solution for Upland Software's next phase of growth and we're excited to support management and HGGC in their vision,' said Andrew Eversfield, Co-Head of Sound Point Direct Lending. Morrison & Foerster LLP acted as legal advisor to Upland Software, and Paul Hastings LLP acted as legal advisor to Sound Point Capital. About Upland Software Upland Software (Nasdaq: UPLD) is a leader in AI-powered knowledge and content management software. Our solutions help enterprises unlock critical knowledge, automate content workflows, and drive measurable ROI—enhancing customer and employee experiences while supporting regulatory compliance. More than 1,100 enterprise customers rely on Upland Software to solve complex challenges and provide a trusted path for AI adoption. For more information, visit About HGGC HGGC is a values-driven, partnership-focused private investment firm. The firm's ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M - $1.5B+. The firm is based in Palo Alto, CA and manages over $8 billion in cumulative capital commitments. For more information, visit About Sound Point Capital Sound Point Capital is an alternative asset management firm founded in 2008 with particular expertise in credit strategies. Based in New York, with offices in London, Connecticut, Florida and California, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms and family offices. Sound Point's strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending and commercial real estate. Sound Point currently manages $43+ billion of assets and was founded by Stephen J. Ketchum, who is the controlling shareholder. Five principals of Stone Point Capital LLC, as well as Blue Owl GP Stakes, a division of Blue Owl Capital Inc. [NYSE: OWL], and Assured Guaranty Ltd, through one or more subsidiaries, are strategic investors in our business. For more information, visit The statements and opinions presented above are endorsements provided by an executive of Upland Software. Upland Software is not a client of Sound Point or an investor in private funds managed by Sound Point. Sound Point has not provided any cash or non-cash compensation for the use of these statements. Sound Point's commercial relationship with Upland creates a conflict of interest since the executive has an incentive to make positive statements about Sound Point and its experience to maintain the goodwill with Sound Point. These statements describe the executive's experience with Sound Point and/or its supervised persons and may not be representative of the experience of others. Provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. All investing involves risk, including the risk of a total loss.
