Kofax plans new debt financing for Nuance Document Imaging purchase

By Sara Rosenberg

New York, Nov. 26 – Kofax has received a commitment for debt financing to help fund its acquisition of Nuance Document Imaging from Nuance Communications Inc. for $400 million, according to an 8-K recently filed with the Securities and Exchange Commission.

Closing is expected by the end of the first quarter of 2019.

Kofax is an Irvine, Calif.-based provider of software solutions and services across multi-channel capture and financial process automation markets. Nuance Document Imaging is a provider of software that helps organizations optimize their information-based capture and print processes.

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