Infogroup launches $315 million term loan at Libor plus 425-450 bps

By Sara Rosenberg

New York, April 28 - Infogroup Inc. launched its $315 million term loan on Wednesday with price talk of Libor plus 425 basis points to 450 bps, according to a market source.

The Libor floor on the term loan is being talked at 1.5% to 1.75%, and the original issue discount is guided in the 98½ area, the source said.

Bank of America is the lead bank on the $365 million senior secured credit facility (BB-) that also includes a $50 million revolver.

Proceeds will be used to help fund the buyout of the company by CCMP Capital Advisors LLC for $8.00 in cash per share. The transaction has a total value of about $635 million, including the refinancing of its outstanding debt.

Equity for the transaction will be $343.7 million.

Closing is anticipated in early summer, subject to the approval of Infogroup shareholders, regulatory approvals and customary closing conditions.

Infogroup is an Omaha, Neb.-based provider of data-driven and interactive resources for targeted sales, marketing and research services.

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