infoUSA to launch $145 million loan Tuesday

By Sara Rosenberg

New York, April 4 - infoUSA Inc. is expected to launch a $145 million credit facility on Tuesday, according to market sources. Bank of America is the lead bank on the deal.

The loan consists of a $45 million revolver and $100 million term loan. Pricing on the term loan is expected to come around Libor plus 350 basis points, sources said.

Proceeds will be used to refinance the company's existing $110 million credit facility.

infoUSA is an Omaha, Neb. provider of business and consumer information products, database marketing services, data processing services, and sales and marketing solutions.

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