MLM Information Services launches $165 million credit facility

By Sara Rosenberg

New York, Nov. 9 - MLM Information Services LLC held a bank meeting on Tuesday to launch its proposed $165 million credit facility, according to a market source.

Credit Suisse and Morgan Stanley are the lead banks on the deal.

The facility consists of a $150 million six-year term loan talked at Libor plus 525 basis points with a 1.75% Libor floor and an original issue discount of 981/2, as well as a $15 million five-year revolver, the source said.

Proceeds will be used for a dividend recapitalization.

MLM Information Services is a New York-based provider of corporate tax software products.

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