Accretive Solutions launches $125 million credit facility

By Sara Rosenberg

New York, May 18 - Accretive Solutions Inc. held a bank meeting on Thursday to launch its proposed $125 million credit facility, according to a syndicate document.

Credit Suisse is the lead arranger on the deal.

The facility consists of a $15 million five-year revolver talked at Libor plus 275 basis points with a 50 bps commitment fee, a $75 million six-year term loan B talked at Libor plus 275 bps and a $35 million 61/2-year second-lien term loan talked at Libor plus 700 bps, the document said.

Proceeds will be used for a dividend recapitalization.

Accretive Solutions is a Hauppauge, N.Y., professional services firm specializing in accounting and finance, corporate governance and information technology.

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