Alliance Data getting $125 million term loan via BMO and SunTrust

By Sara Rosenberg

New York, May 13 - Alliance Data Systems Corp. is obtaining a new $125 million senior unsecured term loan, according to a market source.

BMO and SunTrust are the lead banks on the deal.

Pricing on the term loan is Libor plus 300 basis points, the source said.

Proceeds will be used to repay notes that come due on May 16.

Alliance Data is a Dallas-based provider of data-driven and transaction-based marketing and customer loyalty services.

© 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.