ALM Media sets July 9 launch for $287.5 million credit facility

By Sara Rosenberg

New York, June 30 – ALM Media is scheduled to hold a bank meeting on July 9 to launch its proposed $287.5 million credit facility, 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.

Proceeds will be used to help fund the buyout of the company by Wasserstein & Co. LP from Apax Partners and RBS.

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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