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Published on 10/19/2016 in the Prospect News Bank Loan Daily.

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.


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