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Blue Yonder to repay term loan and revolver borrowings with notes
By Sara Rosenberg
New York, July 22 – Blue Yonder plans to repay about $400 million of its outstanding term loan borrowings and around $35 million of drawings under its revolving credit facility using proceeds from a $500 million senior secured notes offering, according to a market source.
Remaining proceeds from the notes will be used to pay fees and expenses related to the offering and debt repayment, and for general corporate purposes, which may include repayment of additional debt, potential acquisitions and other purposes.
Blue Yonder is a Scottsdale, Ariz.-based software and consultancy company.
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