infoUSA gets new $170 million credit facility

By Sara Rosenberg

New York, March 25 - infoUSA closed on a $170 million credit facility. Wells Fargo Capital Markets acted as the lead arranger and administrative agent on the deal.

The facility, which consists of a $120 million term loan and a $50 million revolver, replaces the company's previous $145 million senior credit facility, of which about $98 million was outstanding, according to a company news release.

The increased availability will be used primarily to redeem and retire the company's $30 million of outstanding 9½% senior subordinated notes.

"The company anticipates that a combination of lower rates on the entire new senior credit facility and replacement of 9½% senior subordinated notes with this lower rate facility will result in significant interest cost savings over the next few years," the release added.

infoUSA is an Omaha, Neb., provider of business and consumer information products, database marketing services, data processing services and sales and marketing solutions.

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