Keane gets $200 million revolver

By Sara Rosenberg

New York, Sept. 27 - Keane Inc. closed on a new $200 million five-year senior unsecured revolving credit facility, according to a company news release.

Bank of America was lead arranger and bookrunner on the deal.

The syndicate consists of Bank of America as administrative agent, KeyBank as syndication agent and Wachovia Bank as documentation agent, with other lenders including Sovereign Bank, Citicorp, HSBC Bank, Wells Fargo Bank and Morgan Stanley.

The revolver contains a $50 million accordion feature.

Borrowings will be used for general corporate purposes, including, among other things, acquisitions and share repurchases.

Keane is a Boston-based business and information technology services firm.

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