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Prospect News home > News index > List of issuers R > Headlines for RedPrairie Holding Inc. > News item
Published on 3/8/2010 in the Prospect News Bank Loan Daily.

RedPrairie Holding to launch $270 million credit facility on Tuesday

By Sara Rosenberg

New York, March 8 - RedPrairie Holding Inc. is scheduled to hold a bank meeting on Tuesday to launch its proposed $270 million credit facility, according to a market source.

Credit Suisse and RBC are the lead banks on the deal.

The facility consists of a $30 million revolver and a $240 million term loan, the source said.

Proceeds will be used to help fund the buyout of the company by New Mountain Capital LLC.

RedPrairie is a Waukesha, Wis.-based productivity services provider.


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