Constant Contact launches $300 million term loan to investors

By Sara Rosenberg

New York, Feb. 7 – Constant Contact Inc. held a lender call at 2 p.m. ET on Wednesday to launch a $300 million covenant-lite incremental first-lien term loan B due February 2028, according to a market source.

Deutsche Bank Securities Inc., Jefferies LLC and others to be announced are the bookrunners on the deal.

Commitments are due at 5 p.m. ET on Feb. 15, the source added.

Proceeds will be used to fund the repurchase of $50 million of the company’s existing second-lien term loan and a portion of Siris Capital’s equity stake in the company.

Constant Contact is a Waltham, Mass.-based provider of marketing automation software.

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