infoUSA to use borrowings under existing facility for Guideline purchase

By Sara Rosenberg

June 28 - infoUSA plans to use borrowings under its credit facility and cash on hand to fund its acquisition of Guideline, Inc., according to a company news release.

Under the terms of transaction, infoUSA will pay $1.35 per share of Guideline common stock, in cash, and an amount equal to the liquidation preference and accrued dividends for outstanding shares of Guideline preferred stock.

The total transaction value is $41.6 million, including the assumption of debt.

The deal is expected to close in the third quarter, subject to customary closing conditions.

infoUSA is a Omaha, Neb.-based provider of proprietary business and consumer databases, sales leads, direct marketing and email marketing. Guideline is a New York-based provider of custom business and market research and analysis.

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