Blackbaud to fund Smart Tuition buy with credit facility borrowings

By Tali Rackner

Norfolk, Va., Aug. 10 – Blackbaud, Inc. plans to use borrowings under its existing credit facility and cash on hand to finance its acquisition of Smart Tuition, according to a press release.

Blackbaud is a Charleston, S.C.-based provider of software and services for nonprofit organizations. Smart Tuition provides payment software and services for private schools and parents.

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