Aspect Software sets Sept. 7 launch for $725 million credit facility

By Sara Rosenberg

New York, Aug. 26 - Aspect Software has scheduled a bank meeting for Sept. 7 to launch its proposed $725 million credit facility, according to a market source.

The facility consists of a $425 million five-year term loan B, a $50 million five-year revolver and a $250 million 51/2-year second-lien term loan.

JP Morgan and Deutsche Bank Securities are the lead banks on the term loan B and the revolver, with Wells Fargo Foothill acting as documentation agent.

JP Morgan and Lehman Brothers are the lead banks on the second-lien term loan, with D.B. Zwirn Finance acting as administrative agent.

This second-lien tranche was pre-syndicated to various investors, so there will be no further marketing effort on that front, a company spokesman previously told Prospect News.

Proceeds from the credit facility will be used to help fund the acquisition of Aspect Communications Corp.

Concerto, a Westford, Mass.-based portfolio company of Golden Gate Capital that provides contact center software and services, is purchasing Aspect for $1 billion. Golden Gate and Oak Investment will contribute equity toward the deal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.