Monotype Imaging plans new debt financing for buyout by HGGC

By Sara Rosenberg

New York, July 26 – Monotype Imaging Holdings Inc. has received a commitment for debt financing to help fund its acquisition by HGGC, according to a news release.

Deutsche Bank Securities Inc. is the left lead arranger on the debt.

Other funds for the transaction will come from 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.

There is a 30-day “go-shop” period.

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

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