TransPerfect signs increased $500 million replacement credit facility

Chicago, Sept. 2 – TransPerfect Global, Inc. has refinanced its existing credit facility with a new five-year $500 million facility, split evenly between a $250 million term loan and a $250 million revolver, according to a press release.

The new credit facility replaces a previous $450 million credit facility.

Bank of America, NA, JPMorgan Chase Bank, NA, and Citibank, NA arranged the syndicate.

Bank of America is the administrative agent.

Pricing was not given in the press release, but rates were mentioned as “more favorable.”

New York-based TransPerfect is a provider of language and technology solutions for global business.

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