Datapipe to launch $330 million credit facility on Thursday afternoon

By Sara Rosenberg

New York, Feb. 19 - Datapipe Inc. will hold a meeting a 2:30 p.m. ET on Thursday to launch a $330 million senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., TD Securities (USA) LLC and GE Capital Markets are leading the deal.

The facility consists of a $40 million revolver, a $205 million first-lien term loan and an $85 million second-lien term loan, the source said.

Proceeds will be used to refinance existing bank debt.

Datapipe is a Jersey City, N.J.-based company that offers a single provider solution for managing and securing mission-critical IT services.

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