SurveyMonkey to launch $350 million credit facility on Thursday

By Sara Rosenberg

New York, Jan. 14 - SurveyMonkey set a bank meeting for 11 a.m. ET on Thursday to launch a proposed $350 million credit facility, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

The facility consists of a $50 million five-year revolver and a $300 million six-year term loan B, the source said.

Proceeds will be used to refinance existing debt, fund share buybacks and for general corporate purposes.

SurveyMonkey is a provider of online survey tools.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.