Apptis to launch new credit facility Thursday

By Sara Rosenberg

New York, Nov. 29 - Apptis Inc. is scheduled to hold a bank meeting Thursday to launch a new credit facility that will contain a $100 million term loan B, according to a market source.

Wachovia is the lead bank on the deal, although it was not known prior to press time whether it is the sole lead.

Details on the facility's structure, such as whether the deal will only consist of the term loan B or if there will be some pro rata bank debt as well, was also unavailable.

Apptis is a Chantilly, Va.-based provider of information technology to federal government agencies and commercial clients.

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