IntraLinks to launch $290 million credit facility on Thursday

By Sara Rosenberg

New York, May 22 - IntraLinks Inc. is scheduled to hold a bank meeting on Thursday to launch its proposed $290 million credit facility, according to a market source.

Deutsche Bank and Credit Suisse are the joint bookrunners and joint lead arrangers on the deal.

The facility consists of a $15 million revolver, a $100 million term loan B, a $50 million PIK toggle term loan B, a $50 million second-lien term loan and a $75 million holdco PIK loan, the source said.

Proceeds will be used to help fund the leveraged buyout of IntraLinks by TA Associates and Rho Capital Partners.

IntraLinks is a New York-based provider of secure, collaborative online digital workspaces for conducting financial transactions, exchanging documents, and collaborating with advisers, customers and suppliers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.