Activant plans tender for 10½% notes, floaters alongside IPO

New York, June 2 - Activant Solutions Holding Inc. said it plans to tender for its $157 million of 10½% senior notes due 2011 and its $120 million floating-rate senior notes due 2010 in connection with its initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission Thursday.

The Austin, Texas-based provider of business management systems plans to sell up to $200 million of stock.

The company also plans to get a new senior credit facility via JPMorgan.

In addition to tendering for the notes, proceeds from the stock sale and new loan will be used to replace the existing credit facility and make a dividend payment to Hicks Muse.

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