Syncsort sets Thursday bank meeting for $825 million loans

By Paul A. Harris

Portland, Ore., Oct. 1 – Syncsort Inc. plans to roll out $825 million of loans in three tranches at a Thursday bank meeting, according to a market source.

The deal includes a $125 million upsized revolving credit facility due Aug. 16, 2022, a $600 million incremental first-lien term loan due Aug. 16, 2024 and a $100 million incremental second-lien term loan due Aug. 15, 2025.

The maturities are identical to those of the existing loans.

Jefferies LLC, Credit Suisse, Goldman Sachs, Antares, Barclays, Deutsche Bank, SunTrust Robinson Humphrey and UBS are the arrangers.

The Pearl River, N.Y.-based data management services provider intends to use the proceeds to fund the acquisition of Pitney Bowes’ software solutions business.

© 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.