Global Payments to use credit facility borrowings for AdvancedMD buy

By Sarah Lizee

Olympia, Wash., Aug. 2 – Global Payments Inc. plans to use borrowings under its existing credit facility to help finance its acquisition of AdvancedMD from Marlin Equity Partners, according to a press release.

The transaction is valued at $700 million.

The company will also use cash on hand to fund the purchase.

Closing is expected in the fourth quarter of 2018.

Global Payments is an Atlanta-based provider of payment technology services. AdvancedMD is a South Jordan, Utah-based provider of cloud-based software as a service solutions to small- and medium-sized ambulatory physician practices in the United States.

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