Corel to launch $100 million term B add-on Friday

By Sara Rosenberg

New York, Nov. 2 - Corel Corp. is scheduled to hold a bank meeting on Friday to launch its proposed $100 million term loan B add-on, according to a market source.

JPMorgan is the lead bank on the deal.

Proceeds will be used to fund the acquisition of InterVideo Inc. for $13.00 per share or about $196 million.

Corel is an Ottawa, Ont., packaged software company. InterVideo is a Fremont, Calif., provider of multimedia DVD software.

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