CDC Software to launch $260 million credit facility on July 10

By Sara Rosenberg

New York, July 3 - CDC Software is scheduled to hold a bank meeting on July 10 to launch a proposed $260 million credit facility, according to sources.

BMO Capital Markets Corp. and Golub Capital are leading the deal.

The facility consists of a $10 million revolver, a $100 million term loan A and a $150 million term loan B, sources said.

Proceeds will be used to help fund the acquisition of Consona Corp. by Vista Equity Partners, CDC's current sponsor, and the merger of Consona with CDC.

CDC Software is an Atlanta-based enterprise software provider of on-premise and cloud technologies. Consona is an Indianapolis-based provider of customer relationship management and enterprise resource planning software and services.

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