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RPX plans new debt financing via Jefferies for buyout by HGGC
By Sara Rosenberg
New York, May 1 – RPX Corp. has received a commitment for new debt financing to help fund its acquisition by HGGC, according to a news release.
Jefferies LLC is the lead arranger on the debt.
Under the agreement, RPX is being bought for $10.50 per share in cash. The all-cash transaction is valued at about $555 million.
Closing is expected in the second or third quarter, subject to customary conditions and regulatory approvals.
RPX is a San Francisco-based provider of patent risk and discovery management solutions.
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