Informatica to launch roughly $2 billion credit facility on Wednesday

By Sara Rosenberg

New York, May 18 – Informatica Corp. set a bank meeting for 10 a.m. ET on Wednesday to launch its proposed $2,025,000,000 senior secured credit facility, according to a market source.

Bank of America Merrill Lynch, Goldman Sachs Bank USA, Credit Suisse Securities (USA) LLC, Macquarie Capital (USA) Inc., Morgan Stanley Senior Funding Inc., Nomura Securities International Inc., RBC Capital Markets and Deutsche Bank Securities Inc. are the leads on the debt.

As previously reported, the credit facility consists of a $150 million revolver and a $1,875,000,000 term loan.

Proceeds will be used to help fund the buyout of the company by Permira funds and Canada Pension Plan Investment Board for $48.75 in cash per share. The transaction is valued at $5.3 billion.

Other funds for the transaction are expected to come from $750 million of unsecured notes, which are backed by a commitment for a $750 million unsecured bridge loan, and about $2,542,000,000 in equity.

Closing is expected in the second or third quarter, subject to shareholder and regulatory approval.

Informatica is a Redwood City, Calif., provider of enterprise data integration software and services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.