Global eXchange Services launches $210 million facility

By Sara Rosenberg

New York, Sept. 10 - Global eXchange Services, General Electric Co.'s Gaithersburg, Md. e-commerce company, launched a new $210 million credit facility on Tuesday, according to market sources. Credit Suisse First Boston is the lead bank on the deal.

The loan consists of a $175 million six-year term loan B with an interest rate of Libor plus 375 basis points and a $35 million five-year revolver with an interest rate of Libor plus 350 basis points.

Proceeds will be used to help fund the company's leveraged buyout by Francisco Partners.

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