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Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item
Published on 12/23/2015 in the Prospect News Bank Loan Daily.

PTC plans to draw on credit facility to fund Kepware acquisition

By Marisa Wong

Morgantown, W.Va., Dec. 23 – PTC Inc. expects to draw on its credit facility to fund its acquisition of all the outstanding shares of Kepware, Inc., according to an 8-K filing with the Securities and Exchange Commission.

The transaction is expected to close in PTC’s second quarter ending April 2.

PTC is a technology solutions provider for manufacturing industries and is based in Needham, Mass.


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