Monotype Imaging Holdings plans $625 million credit facilities for buyout by HGGC

By Sara Rosenberg

New York, Aug. 26 – Monotype Imaging Holdings Inc. has received a commitment for $625 million of senior secured credit facilities to help fund its acquisition by HGGC, according to a PREM14A filed with the Securities and Exchange Commission on Monday.

Deutsche Bank Securities Inc., Antares and Macquarie Capital provided the debt commitment.

The facilities consist of a $50 million revolver, a $440 million first-lien term loan and a $135 million second-lien term loan.

Other funds for the transaction will come from up to $275 million of equity.

Under the agreement, Monotype is being bought for $19.85 per share in cash, representing an aggregate equity value of about $825 million.

Closing is subject to Monotype shareholder approval, regulatory approvals and other customary conditions.

Monotype is a Woburn, Mass.-based provider of type related software solutions and technologies.

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