This report does not constitute a rating action. NEW YORK (S&P Global Ratings) Oct. 29, 2026--S&P Global Ratings today said RealPage Inc.'s (B-/Stable/--) revolving credit facility upsize modestly supports liquidity. The most recent amendment increases capacity by about $370 million, giving the company more flexibility while it invests in its AI product initiatives and navigates elevated legal costs. The revolver was undrawn at close, and we do not expect the company to need the extra liquidity due to solid cash flow generation. Still, the upsize provides near-term protection. Our'B-'issuer credit rating and stable outlook are unchanged. Our issue-level and recovery ratings are also unchanged, despite modestly worse recovery prospects. The upsized revolver adds modest incremental first-lien claims in
