Cision to launch $295 million incremental term loan on Monday

By Sara Rosenberg

New York, April 9 – Cision is set to hold a lender call at 12:30 p.m. ET on Monday to launch a $295 million incremental term loan due January 2027, according to a market source.

BofA Securities Inc. is the lead on the deal.

The incremental term loan has 101 soft call protection for six months, the source said.

Proceeds will be used to help fund the acquisition of Brandwatch, a Brighton, U.K.-based provider of social listening and content marketing analytics, for $450 million.

Closing is expected in the second quarter.

Cision is a Chicago-based provider of PR, marketing and social media management technology and intelligence.

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