Atlanta, United States
Infor, one of the largest global enterprise software providers, today announced plans to refinance certain indebtedness. Infor is seeking to refinance its existing $1,425 million Senior Subordinated Bridge Facility with a new $200 million Senior Secured First-Lien Term Loan and $1,275 million Senior Secured Second-Lien Term Loan. In addition, Infor is seeking to amend its existing $2,394 million Senior Secured First-Lien Facilities to permit the refinancing. Closing of the contemplated credit facilities is expected to occur in late February. Infor has engaged J.P. Morgan Securities Inc., Credit Suisse Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their affiliates to arrange and syndicate the refinancing.
About Infor
Infor delivers fully integrated enterprise solutions, as well as best-in-class standalone products that address the essential challenges its customers face in areas such as enterprise resource planning, supply chain planning and execution, customer and supplier relationship management, asset management, product lifecycle management, financial management, performance management and business intelligence. With more than 8,100 employees and implementations in 100 countries, Infor provides enterprise solutions to more than 70,000 customers. For additional information, visit www.infor.com.
CONTACT: Infor Steve Earhart, Chief Financial Officer 312-258-6310 steve.earhart@infor.com
Source: Business Wire (Business Wire India)