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RedPrairie $215 million credit facility to launch Monday
By Sara Rosenberg
New York, June 15 - RedPrairie Corp. is scheduled to hold a bank meeting on Monday to launch its proposed $215 million credit facility, according to a market source.
JPMorgan and Credit Suisse are the lead banks on the deal.
The facility consists of a $20 million revolver, a $150 million first-lien term loan and a $45 million second-lien term loan, the source said.
Proceeds will be used to back an acquisition.
RedPrairie is a Waukesha, Wis., provider of supply chain execution, logistics and warehouse management software.
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