ALM Media plans $287.5 million facility for buyout by Wasserstein

By Sara Rosenberg

New York, June 9 – ALM Media intends to get a new $287.5 million credit facility to help fund its purchase by Wasserstein & Co. LP from Apax Partners and RBS, according to a market source.

Macquarie Capital (USA) Inc. is the lead bank on the deal.

The facility consists of a $22.5 million revolver, a $215 million first-lien term loan and a $50 million second-lien term loan, the source said.

Closing is expected in the third quarter.

ALM is a New York-based integrated media company focused on the legal and business communities.

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