SkillSoft sets Tuesday lender call for $90 million term loan

By Paul A. Harris

Portland, Ore., Oct. 14 - SkillSoft Ltd. set a Tuesday lender call for its $90 million incremental senior secured term loan, according to an informed source.

Morgan Stanley Senior Funding, Inc. and Barclays Capital Inc. are the leads.

The Nashua, N.H.-based learning and performance technology company plans to use the proceeds to help fund its acquisition of the Element K business from NIIT Ltd. for $110 million in cash.

SkillSoft provides on-demand e-learning and performance support services for global enterprises, government, education and small- to medium-sized businesses.

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