Workflow Management sets Oct. 17 launch for $455 million credit facility

By Sara Rosenberg

New York, Oct. 6 - Workflow Management Inc. has scheduled a bank meeting for Oct. 17 to launch its proposed $455 million credit facility, according to a syndicate document.

Credit Suisse First Boston, National City Bank and Royal Bank of Canada are joint lead arrangers on the deal.

The facility consists of a $40 million five-year revolver with a 50 basis point commitment fee, a $300 million five-year term loan B and a $115 million seven-year second-lien term loan, the document said.

Proceeds will be used to fund the acquisition of Relizon Co., a North American supplier of business process solutions for document outsourcing, billing and marketing.

Workflow, a portfolio company of Perseus LLC, is a New York-based full-service print and promotional products provider.

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