| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Blackboard Inc. > News item |
Blackboard proposes $75 million tap of 7¾% senior notes due 2019
By Paul A. Harris
Portland, Ore., Feb. 4 – Blackboard Inc. is in the market with a $75 million add-on to its 7¾% senior notes Nov. 15, 2019 (Caa1/CCC+) according to a market source.
The deal is set to price Wednesday or Thursday.
BofA Merrill Lynch, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the lead managers.
The notes become callable on Nov. 15, 2015 at 105.813.
The Washington, D.C.-based provider of enterprise software applications and related services to the education industry plans to use the proceeds to help fund the acquisition of educational website Schoolwires.
Blackboard priced the original $365 million issue at par in October 2013.
© 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.