Securus expected to launch $540 million credit facility in April

By Sara Rosenberg

New York, March 22 - Securus Technologies Inc. plans to hold a bank meeting in early April to launch a $540 million credit facility, according to sources.

Deutsche Bank Securities Inc. and BNP Paribas Securities Corp. are the lead banks on the deal.

The facility consists of a $50 million five-year revolver, a $335 million seven-year first-lien term loan and a $155 million eight-year second-lien term loan, sources said.

Proceeds will be used to help fund the company's buyout by ABRY Partners.

Securus is a Dallas-based provider of inmate communications services and investigative technologies.

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