Sage Payment Solutions plans financing for buyout by GTCR

By Sara Rosenberg

New York, June 2 – Sage Payment Solutions Inc. has full committed financing funded by Antares, Ares, Jefferies, Barclays and NXT to help fund its acquisition by GTCR from The Sage Group plc for $260 million, according to a news release.

Closing is expected in the third quarter following receipt of regulatory approvals and other consents.

Sage Payment Solutions is a Reston, Va.-based provider of payment processing and merchant acquiring solutions.

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