Sourcecorp to get LBO financing facility via Credit Suisse, UBS

By Sara Rosenberg

New York, March 8 - Sourcecorp Inc. will obtain a new credit facility via Credit Suisse and UBS Securities to help fund its leveraged buyout by Apollo Management LP, according to a market source.

No other details on the financing are available at this time.

Under the terms of the LBO agreement, Sourcecorp stockholders will receive $25.00 in cash for each share.

Completion of the transaction, which is expected in the second or third quarter, is subject to customary closing conditions, including approval by stockholders, expiration of the antitrust waiting period and the receipt of the committed financing.

Sourcecorp is a Dallas-based provider of business process outsourcing products and specialized consulting services.

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