TARGUSinfo to launch $245 million credit facility on Nov. 30

By Sara Rosenberg

New York, Nov. 23 - TARGUSinfo has scheduled a bank meeting for Nov. 30 to launch its proposed $245 million credit facility, according to a market source.

Wells Fargo is the lead bank on the deal.

The facility consists of a $15 million revolver and a $230 million term loan B, the source said.

Price talk is still to be determined as ratings have not yet come out, the source added.

Proceeds will be used to refinance existing debt and pay a dividend.

TARGUSinfo is a Vienna, Va.-based provider of On-Demand Insight.

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