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Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item
Published on 6/26/2017 in the Prospect News Bank Loan Daily.

Blackbaud to draw on credit facility to buy JustGiving later this year

By Angela McDaniels

Tacoma, Wash., June 26 – Blackbaud, Inc. expects to use borrowings under its credit facility and cash on hand to finance an acquisition, according to a company news release.

The company agreed to acquire London-based online fundraising services provider JustGiving for £95 million, subject to adjustments.

Blackbaud, a cloud software company based in Charleston, S.C., expects the transaction to close later this year.


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