infoGROUP to launch $460 million credit facility on Thursday

By Sara Rosenberg

New York, May 10 - infoGROUP Inc. is scheduled to hold a bank meeting on Thursday to launch a proposed $460 million credit facility, according to a market source.

Bank of America Merrill Lynch is the lead bank on the deal.

The facility consists of a $50 million five-year revolver and a $410 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

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

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