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Misys readies launch of $1.5 billion credit facility for Monday
By Sara Rosenberg
New York, Sept. 16 – Misys is scheduled to hold a bank meeting in London on Monday to launch a $1.5 billion-equivalent credit facility, according to a market source.
Deutsche Bank Securities Inc. is the left lead bookrunner on the deal.
The facility consists of a $200 million revolver, a $300 million term loan A and a $1 billion-equivalent term loan B, the source said.
The term loan B will be split between a $700 million euro-equivalent tranche and a $300 million U.S. dollar tranche.
Proceeds will be used to refinance the company’s existing loans.
Misys is a London-based provider of financial services software.
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