Gartner to tap revolving loans to finance planned acquisition of L2

By Susanna Moon

Chicago, March 6 – Gartner, Inc. plans to draw from its revolving facility to finance a planned acquisition, according to an 8-K filing with the Securities and Exchange Commission.

The company has entered into an agreement to acquire L2, Inc., a privately held Delaware corporation that benchmarks the digital performance of brands.

The deal is expected to close by the end of March.

Gartner also will fund the acquisition using cash on hand.

The acquisition funding was incorporated into the lending requirements for Gartner’s recently announced acquisition of CEB Inc. and will therefore not add to Gartner’s pro forma leverage levels, the filing noted.

Gartner is a Stamford, Conn.-based information technology research and advisory company.

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