Electronics For Imaging sets bank meeting for $1.1 billion term loans

By Paul A. Harris

Portland, Ore., June 10 – Electronics For Imaging is in the market with $1.1 billion of term loans set to be presented to investors at a bank meeting scheduled for 1 p.m. ET on June 17, according to a market source.

The deal includes an $875 million seven-year first-lien term loan and a $225 million eight-year second-lien term loan.

RBC Capital Markets LLC, KKR Capital Markets, Deutsche Bank Securities Inc., Barclays, Credit Suisse Securities (USA) LLC and Macquarie Capital are the joint lead arrangers.

RBC is left lead on the first-lien tranche. KKR is left lead on the second-lien tranche.

The credit facility also includes a $100 million revolver.

Proceeds will be used to fund the buyout of the digital imaging solutions provider for the printing, packaging and imaging industries by Siris Capital Group.

On April 15, Siris Capital entered into a definitive agreement to acquire Electronics For Imaging for $37 per share.

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