APAC Customer Service to get credit facility with buyout by One Equity

By Sara Rosenberg

New York, July 7 - APAC Customer Services Inc. plans on getting a new credit facility to help fund its acquisition by One Equity Partners, according to a news release.

Under the agreement, APAC stockholders will get $8.55 per share in cash. The aggregate equity value is about $470 million.

Other funds for the transaction will come from equity.

Closing is expected in the fourth quarter, subject to the satisfaction of customary conditions, including Hart-Scott-Rodino clearance and approval of APAC's shareholders.

As part of the transaction, One Equity will combine APAC with its current portfolio company, NCO Group Inc., a Horsham, Pa.-based provider of business process outsourcing services.

APAC is a Bannockburn, Ill.-based provider of customer care services to the health care, business services, communications, media & publishing, travel & entertainment, financial services and technology industries.

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