Aptean Holdings to launch $440 million credit facility on Thursday

By Sara Rosenberg

New York, Feb. 4 - Aptean Holdings Inc. is scheduled to hold a bank meeting at 1 p.m. ET in New York on Thursday to launch a $440 million senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., BMO Capital Markets Corp. and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.

The facility consists of a $25 million revolver, a $315 million first-lien term loan and a $100 million second-lien term loan, the source said.

Aptean is an Atlanta-based provider of enterprise application software.

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