Aspect Software to launch $488 million of term loans on Wednesday

By Sara Rosenberg

New York, June 18 - Aspect Software Inc. is scheduled to hold a call at 11 a.m. ET on Wednesday to launch $488 million of term loan debt due May 2016, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Included are a $403 million term loan B and an $85 million delayed-draw term loan, the source said.

Proceeds will be used to reprice an existing term loan and help fund a future acquisition.

Aspect Software is a Chelmsford, Mass.-based provider of customer contact and enterprise workforce optimization solutions.

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