Aspect Software $1.16 billion credit facility to launch Tuesday

By Sara Rosenberg

New York, May 26 - Aspect Software Inc. is scheduled to hold a bank meeting on Tuesday to launch its proposed $1.16 billion credit facility, according to a market source.

JPMorgan and Deutsche Bank are the lead banks on the deal, with JPMorgan the left lead.

The facility consists of a $725 million five-year first-lien term loan B (B2), a $385 million six-year second-lien term loan (Caa1) and a $50 million revolving credit facility (B2), the source said.

Proceeds will be used to refinance existing bank debt and to fund a dividend payment.

Aspect Software is a Westford, Mass., provider of call center software and equipment.

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