Zebra Technologies to use revolver borrowings for Reflexis purchase

By Sara Rosenberg

New York, July 28 – Zebra Technologies Corp. plans to use fully committed financing available under its revolving credit facility to help fund its $575 million acquisition of Reflexis Systems Inc. from Great Hill Partners and Sageview Capital, according to a 10-Q filed with the Securities and Exchange Commission on Tuesday.

Other funds for the transaction will come from cash on hand.

Closing is expected by early in the fourth quarter, subject to customary conditions, including regulatory approval.

Zebra is a Lincolnshire, Ill.-based designer and marketer of specialty printers, mobile computing, data capture, radio frequency identification products and real-time locating systems. Reflexis is a Dedham, Mass.-based provider of intelligent workforce management, execution, and communication solutions for organizations in the retail, food service, hospitality and banking industries.

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