Infogroup Announces Marketing Process for a Proposed Secured Term Loan
26 Aprile 2010 - 3:25PM
Business Wire
Infogroup (NASDAQ: IUSA), the leading provider of data driven
and interactive resources for targeted sales, marketing and
research solutions today announced the commencement of a marketing
process for a proposed $365 million senior secured credit facility
(the “Facility”). On March 8, 2010, Infogroup announced it entered
into an agreement to be acquired by affiliates of CCMP Capital
Advisors, LLC. (the “Transaction”), subject to the approval of
Infogroup shareholders, regulatory approvals and customary closing
conditions. Infogroup plans to use proceeds of the new Facility to
repay existing debt, pay a portion of the consideration due to
stockholders in the Transaction, and for future working capital
needs.
Completion of the Facility is subject to consummation of the
Transaction, successful marketing of the Facility and the
negotiations and execution of definitive documentation. No
assurance can be given that the Facility will be completed, and if
completed, on what terms. The Transaction is anticipated to close
early this summer.
About Infogroup
Infogroup (NASDAQ: IUSA) is the leading provider of data and
interactive resources that enables targeted sales, effective
marketing and insightful research solutions. Our information powers
innovative tools and insight for businesses to efficiently reach
current and future customers through multiple channels, including
the world’s most dominant and powerful Internet search engines and
GPS navigation systems. Infogroup’s headquarters are located at
5711 South 86th Circle, Omaha, NE 68127. For more information, call
(402) 593-4500 or visit www.infogroup.com.
About CCMP Capital
CCMP Capital Advisors, LLC, is a leading global private equity
firm specializing in buyouts and growth equity investments in
companies ranging from $500 million to more than $3 billion in
size. CCMP Capital focuses on five primary industries:
Consumer/Retail; Industrial; Energy; Healthcare; and Media.
Selected investments under management include: ARAMARK Corporation,
Edwards Limited, Francesca’s Collections, Generac Power Systems,
Grupo Corporativo ONO, LHP Hospital Group, Quiznos Sub and Warner
Chilcott. CCMP Capital’s founders have invested over $12 billion
since 1984. CCMP Capital's latest fund, CCMP Capital Investors II,
L.P., closed in September 2007 with commitments of $3.4
billion.
CCMP Capital has offices in New York, Houston and London.
Through active management, its global resources and its powerful
value creation model, CCMP Capital has established a reputation as
a world-class investment partner. For more information, please
visit www.ccmpcapital.com. CCMP Capital is a registered investment
adviser with the Securities and Exchange Commission.
Statements in this announcement other than historical data and
information constitute forward looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, but are
not limited to, recent changes in senior management, the successful
integration of recent and future acquisitions, fluctuations in
operating results, failure to successfully carry out our Internet
strategy or to grow our Internet revenue, effects of leverage,
changes in technology and increased competition. More information
about potential factors that could affect the company’s business
and financial results is included in the company’s filings with the
Securities and Exchange Commission.
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