Aladdin Knowledge plans new debt financing for purchase by Vector

By Sara Rosenberg

New York, Jan. 12 - Aladdin Knowledge Systems Ltd. has received a commitment for debt financing to help fund its acquisition by Vector Capital, according to a news release.

Wells Fargo Foothill is the lead bank on the deal.

Under the terms of the agreement, Aladdin shareholders will receive $11.50 per share in cash. The transaction is valued at about $160 million.

Closing is expected in the next two to three months, subject to the approval of Aladdin's shareholders, antitrust regulatory approvals, and the satisfaction of other customary conditions.

Aladdin is an Israel-based information security company.

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