Alliance Data to borrow under credit facility to finance Conversant buy

By Tali Rackner

Norfolk, Va., Sept. 11 – Alliance Data Systems Corp. plans to use availability under its credit facility and cash on hand to partially finance its acquisition of Conversant, Inc., according to a press release.

Alliance Data will acquire Conversant for a combination of cash and stock valued at about $2.3 billion, or $35 per Conversant share. The purchase price is structured to be paid with about 48% cash and 52% shares.

Alliance Data is a Plano, Texas-based provider of direct marketing services. Conversant is a digital marketing company based in Westlake Village, Calif.

© 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.