Lexmark to fund Kofax acquisition with credit facility borrowings

By Tali Rackner

Norfolk, Va., March 24 – Lexmark International Inc. plans to use borrowings under its existing credit facility programs to fund its acquisition of Kofax Ltd., according to a press release.

It will also use non-U.S. cash on hand to fund the roughly $1 billion purchase, which is expected to close in the second quarter.

Lexington, Ky.-based Lexmark provides printing and imaging products and services to businesses.

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