infoUSA draws on credit facility to redeem $30.8 million 9½% notes

New York, Aug. 15 - infoUSA Inc. said it redeemed $30.8 million of its 9½% senior subordinated notes, primarily using its senior secured credit facility for funding.

The notes were called pro rata at a price of 104.75, according to a filing with the Securities and Exchange Commission.

The Omaha, Neb. provider of business and consumer information products had $92 million outstanding on May 29.

Notice for the call was given on June 17.

infoUSA restructured its credit facility earlier in the year. It consists of a $100 million term loan due April 2007 and a $45 million revolving credit facility due May 2006. Interest is at Libor plus 200 to 300 basis points for the revolver and Libor plus 300 to 400 basis points for the term loan. There is a commitment fee of 35 to 50 basis points on the revolver.

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