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Intergraph to launch $300 million incremental term loan on Friday
By Sara Rosenberg
New York, Feb. 18 - Intergraph Corp. is scheduled to launch a $300 million incremental term loan (B1/BB-) on Friday and, in conjunction with the new deal, an amendment to its existing credit facility, according to a market source.
JPMorgan is the lead bank on the deal.
Talk is that the incremental term loan will probably be marketed to existing lenders, the source said.
Proceeds will be used to fund a dividend.
Intergraph is a Huntsville, Ala.-based provider of spatial information management software and systems.
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