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Document Technologies getting $248 million facility via GE and Golub
By Sara Rosenberg
New York, Feb. 13 - Document Technologies Inc. clubbed up with existing lenders a $248 million senior credit facility, according to a market source.
GE Capital Markets and Golub Capital are leading the deal.
The facility consists of a $50 million revolver and a $198 million term loan.
Pricing on the term loan is Libor plus 450 basis points with a 1.25% Libor floor and an original issue discount of 99½ for new dollars, the source said.
Existing lenders are getting a 25 bps amendment fee.
Proceeds will be used to refinance existing senior and mezzanine debt.
Document Technologies is an Atlanta-based end-to-end provider of litigation support and document management services.
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