Aspect Software launches $530 million credit facility led by JPMorgan

By Sara Rosenberg

New York, April 20 - Aspect Software Inc. launched a $530 million credit facility on Tuesday, according to a market source.

JPMorgan is the lead bank on the deal.

The facility consists of a $30 million four-year revolver and a $500 million six-year term loan B that is talked at Libor plus 450 basis points with a 1.75% Libor floor and an original issue discount of 981/2, the source said.

Proceeds will be used to refinance existing debt.

Aspect Software is a Chelmsford, Mass.-based software and IT services firm.

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