ACI Worldwide gets $150 million term loan as acquisition closes

By Jennifer Chiou

New York, Aug. 18 – ACI Worldwide, Inc. entered into on Aug. 12 an agreement with Wells Fargo Bank, NA as administrative agent providing for a $150 million incremental term loan facility, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA acted as lead arranger.

The company borrowed the entire amount in conjunction with the close of wholly owned subsidiary ACI Worldwide Corp.’s previously announced acquisition of Retail Decisions, Inc. from Cardcast Ltd. as well as an additional acquisition.

Last month, the company announced the purchase agreement under which ACI purchased all of the issued and outstanding shares of Retail Decisions and indirect wholly owned subsidiary Applied Communications Inc. U.K. Holding Ltd. purchased all of the issued and outstanding shares of Retail Decisions Europe Ltd. from Retail Decisions Ltd., for a total of $205 million.

Like the company’s recent term loan with Bank of America, the term loan will bear interest at Libor plus 150 basis points to 250 bps, with the applicable margin based on the consolidated total leverage ratio.

ACI is a Naples, Fla.-based provider of payment systems.

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