infoUSA gets $275 million credit facility

By Sara Rosenberg

New York, Feb. 14 - infoUSA closed on a new $275 million credit facility consisting of a $100 million term loan and a $175 million revolver, according to a company news release.

Wells Fargo acted as the lead arranger and administrative agent, LaSalle Bank and Citibank acted as syndication agents, and Bank of America acted as documentation agent.

Proceeds were used to refinance the company's existing $250 million senior credit facility, of which about $121 million was outstanding.

"The success of infoUSA has allowed the company to significantly de-lever our balance sheet," said Vin Gupta, chairman and chief executive officer, in the release.

"As a result, infoUSA has refinanced its senior credit facilities to take advantage of our reduced leverage position. infoUSA expects to benefit from reduced interest expense in 2006 and for the term of the credit facility. Additionally, we expect this senior credit facility to give infoUSA the flexibility to invest in its business operations while continuing to improve the company through acquisition."

infoUSA is an Omaha, Neb., provider of business and consumer information products, database marketing services, data processing services and sales and marketing services.

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