Lawson's LBO deal to include $2 billion of new bank loans and bonds

By Paul A. Harris

Portland, Ore., April 26 - Debt financing for the leveraged buyout of Lawson Software Inc. will include a $2 billion combination of bank loans and high-yield bonds, market sources said.

Credit Suisse will lead the loans. Bank of America Merrill Lynch and Credit Suisse are the joint lead arrangers for the high-yield bridge loan.

The debt is expected to hit the market during the first half of the present year.

Proceeds will be used to fund the acquisition of Lawson Software by Golden Gate Capital and Infor Global Solutions.

Lawson Software is a St. Paul, Minn.-based enterprise software developer.

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