Vertafore to launch new credit facility Thursday

By Sara Rosenberg

New York, March 13 - Vertafore Inc. is scheduled to launch a new credit facility on Thursday, according to a market source.

The facility will include first- and second-lien debt, the source said.

JPMorgan, Credit Suisse and Wachovia are the lead banks on the deal, with JPMorgan left lead on the first-lien and Credit Suisse left lead on the second-lien.

Vertafore is a Windsor, Conn., enterprise software and information services provider to the property and casualty insurance industry.

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