Computer Services plans new debt financing for buyout

By Sara Rosenberg

New York, Aug. 22 – Computer Services Inc. has received a commitment for debt financing to help fund its acquisition by Centerbridge Partners LP and Bridgeport Partners, according to a company presentation.

Other funds for the transaction will come from equity.

Under the agreement, Computer Services is being bought for $58.00 per share, or about $1.6 billion.

Closing is expected in the fourth quarter, subject to customary conditions, including shareholder approval and regulatory review.

Goldman Sachs & Co. LLC and Jefferies LLC are acting as financial advisers to Centerbridge and Bridgeport. Aviditi Financial LLC is serving as a capital markets adviser to Bridgeport.

Computer Services is a Paducah, Ky.-based provider of end-to-end fintech and regtech solutions.

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