Catalina Marketing gets new $125 million revolver

By Sara Rosenberg

New York, Aug. 30 - Catalina Marketing Corp. closed on a new $125 million five-year unsecured multicurrency revolving credit facility.

J.P. Morgan Securities Inc. is the lead arranger on the deal, Bank One is administrative agent and Bank of America is syndication agent.

The facility also contains a feature that would allow the company to increase the size to up to $175 million under certain conditions, according to a company news release.

Borrowings may be used for general corporate purposes including debt refinancing, share repurchases and capital expenditures.

The revolver replaces the company's $30 million U.S. revolving credit facility that was due to expire Tuesday, Catalina Marketing Japan K.K.'s ¥3.5 billion credit facility consisting of a ¥1.5 billion revolver that was due to expire Tuesday and a ¥2 billion term loan with a maturity of March 31, 2005.

"The revolving credit facility provides Catalina with the ability to borrow in multiple currencies and gives us the necessary flexibility to grow and manage our worldwide business. We are pleased that we have been able to enter into a five-year facility with an excellent group of financial institutions," vice president and chief financial officer Christopher W. Wolf said in the release.

Catalina Marketing is a St. Petersburg, Fla., developer and distributor of behavior-based communications for consumer packaged goods manufacturers, pharmaceutical manufacturers and marketers and retailers.

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