Blackbaud to draw on existing credit facility to fund MicroEdge buy

By Tali Rackner

Norfolk, Va., Sept. 2 – Blackbaud, Inc. plans to use borrowings under its existing credit facility and cash on hand to fund its acquisition of MicroEdge, LLC, according to a press release.

Blackbaud is a Charleston, S.C.-based provider of software and services for nonprofit organizations. MicroEdge is a provider of mission-critical software solutions for the philanthropic giving community worldwide.

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