RedPrairie launches $240 million term loan at Libor plus 400 bps

By Sara Rosenberg

New York, March 9 - RedPrairie Holding Inc. launched its $240 million term loan on Tuesday with price talk of Libor plus 400 basis points with a 2% Libor floor and an original issue discount of 99, according to sources.

The company's $270 million credit facility also includes a $30 million revolver.

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

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

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

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