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Syndigo readies launch of $585 million credit facilities for Monday
By Sara Rosenberg
New York, Nov. 25 – Syndigo LLC is scheduled to hold a lender call at 1:30 p.m. ET on Monday to launch $585 million of credit facilities, according to a market source.
Jefferies LLC, Deutsche Bank Securities Inc. and UBS Investment Bank are the bookrunners on the deal.
The facilities consist of a $50 million five-year revolver, a $375 million seven-year first-lien term loan and a $160 million eight-year second-lien term loan, the source said.
Proceeds will be used to fund an investment in the company by Summit Partners.
Syndigo is a Chicago-based provider of digital product information and content solutions for the commerce ecosystem via an end-to-end SaaS platform.
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