JDA Software gets $100 million revolver at initial Libor plus 225 bps

By Angela McDaniels

Tacoma, Wash., March 22 - JDA Software Group, Inc. entered into a new $100 million senior secured revolving credit facility due Sept. 15, 2014 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Wells Fargo Capital Finance, LLC is the lead bank.

The initial interest rate is Libor 225 basis points.

Under the credit agreement, the company must maintain a minimum fixed charge ratio, a maximum total leverage ratio and, under some circumstances, a minimum liquidity requirement.

Proceeds are available for working capital and other general corporate purposes.

The revolver was undrawn at closing.

JDA is a Scottsdale, Ariz.-based software services provider.

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