Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Intermedia.net Inc. > News item |
Intermedia plans $285 million credit facility for buyout by Madison
By Sara Rosenberg
New York, Oct. 19 – Intermedia.net Inc. expects to get a $285 million credit facility to help fund its acquisition by Madison Dearborn Partners from Oak Hill Capital Partners, according to a market source.
SunTrust Robinson Humphrey Inc. and TD Securities (USA) LLC are the leads on the deal.
The facility consists of a $25 million revolver, a $190 million first-lien term loan and a $70 million second-lien term loan, the source said.
Closing is expected this year, subject to regulatory approvals and other customary conditions.
Intermedia.net is a Mountain View, Calif.-based provider of cloud business applications.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.