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TravelClick to get new debt financing for buyout by Thoma Bravo
By Sara Rosenberg
New York, March 19 - TravelClick Inc. plans on getting new debt financing to help fund its $930 million acquisition by Thoma Bravo LLC from Genstar Capital, according to a market source.
Credit Suisse Securities (USA) LLC is the lead bank on the deal.
Closing on the buyout is expected to occur in the second quarter.
TravelClick is a New York-based provider of revenue generating cloud-based solutions for the hospitality industry.
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