Output Services secures final approval of $50 million DIP facility

By Sarah Lizee

Olympia, Wash., Nov. 20 – Output Services Group, Inc. received final approval of a $50 million debtor-in-possession facility, according to an order filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

The $50 million DIP facility will convert to a new loan at emergence.

Acquiom Agency Services LLC and Seaport Loan Products LLC are co-administrative agents.

The facility is set to mature in 91 days and bear interest at SOFR+ CSA of 11.448 basis points plus a margin of 800 bps, subject to a SOFR floor of 3.5%.

Output Services is a provider of billing and payment solutions based in Carol Stream, Ill. The company filed bankruptcy on Oct. 15 under Chapter 11 case number 23-90799.

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