Monotype to repay second-lien debt with IPO proceeds

By Sara Rosenberg

New York, Jan. 26 - Monotype Imaging Holdings Inc. plans to repay second-lien credit facility debt using proceeds from its proposed initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission Friday.

Remaining IPO proceeds will be used to redeem shares of preferred stock from certain employees and investment funds affiliated with TA Associates and D.B. Zwirn, and for general corporate purposes and working capital.

Monotype is a Woburn, Mass.-based provider of text imaging products.

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