Internet Brands to get debt financing for Hellman & Friedman buyout

By Sara Rosenberg

New York, Sept. 20 - Internet Brands Inc. plans on obtaining new debt financing to help fund its buyout by Hellman & Friedman LLC, according to a news release.

Bank of America, BMO Capital Markets, GE Capital and RBC Capital Markets are the lead banks on the financing.

Under the agreement, Internet Brands is being purchased for $13.35 in cash per share. The transaction is valued at about $640 million.

The transaction is expected to close in the fourth quarter, subject to stockholder approval and other customary conditions.

Internet Brands is an El Segundo, Calif.-based internet media company.

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