RedPrairie plans new debt financing for purchase of JDA Software

By Sara Rosenberg

New York, Nov. 1 - RedPrairie has received a commitment for debt financing for its acquisition of JDA Software, according to a news release.

Credit Suisse Securities (USA) LLC is the lead bank on the deal.

Under the agreement, RedPrairie will purchase JDA for $45 per share. The transaction has a total enterprise value of about $1.9 billion.

Other funds for the acquisition will come from cash equity from New Mountain Capital.

Closing is expected by year-end, subject to at least 79% of JDA's shares being tendered and clearance from antitrust regulatory authorities.

RedPrairie is an Alpharetta, Ga.-based provider of supply chain software services. JDA is a Scottsdale, Ariz.-based provider of supply chain management, merchandising and pricing solutions.

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