SkillSoft sets Tuesday lender call for $50 million term loan and repricing of current facilities

By Paul A. Harris

Portland, Ore., Sept. 17 - SSI Investments II Ltd., the corporate parent of business training software provider SkillSoft Ltd., will host a lender call at 11 a.m. ET on Tuesday, according to a syndicate source.

Under discussion will be a new $50 million senior secured term loan facility.

In addition SkillSoft is seeking to reprice its current $407.825 million of term loan facilities.

Morgan Stanley & Co., Barclays and Deutsche Bank Securities Inc. are the joint lead arrangers.

Proceeds will be used to fund the acquisition of ThirdForce Group plc.

SkillSoft is a Nashua, N.H.-based provider of on-demand e-learning and performance support services for global enterprises, government, education and small- to medium-sized businesses.

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