Deltek readies launch of $1.22 billion credit facility for Thursday

By Sara Rosenberg

New York, June 9 – Deltek Inc. is scheduled to hold a bank meeting on Thursday to launch a $1.22 billion credit facility, according to a market source.

Jefferies Finance LLC is the lead on the deal.

The facility consists of a $30 million revolver, an $840 million first-lien term loan and a $350 million second-lien term loan, the source said.

Proceeds will be used to refinance existing debt and fund a dividend to Thoma Bravo.

Deltek is a Herndon, Va.-based provider of enterprise software and information for professional services firms and government contractors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.