ECi Software readies launch of $710 million term loan for Wednesday

By Sara Rosenberg

New York, Sept. 8 – ECi Software Solutions will hold a lender call on Wednesday to launch a $710 million first-lien term loan, according to a market source.

BofA Securities Inc. is the left lead on the deal.

The company is also getting a $280 million privately placed second-lien term loan.

Proceeds will be used to refinance existing term loans, fund an acquisition and finance a dividend payment.

ECi is a Fort Worth-based provider of cloud-based business management software for multiple industries.

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