Greenfield Online gets debt commitment for purchase by Quadrangle

By Sara Rosenberg

New York, June 16 - Greenfield Online Inc. has received a debt financing commitment to help fund its buyout by Quadrangle Group LLC, according to an 8-K filed with the Securities and Exchange Commission Monday.

Other acquisition financing will come from equity and cash on hand.

Under the transaction agreement, Quadrangle will acquire all of the outstanding common stock of Greenfield for $15.50 per share in cash, or a total equity value of about $426 million.

The deal is expected to close in the late third quarter or fourth quarter, subject to stockholder approval, regulatory approval and other customary conditions.

There is a "go shop" period until Aug. 4.

Deutsche Bank acted as financial adviser to Greenfield in connection with the transaction.

Greenfield is a Wilton, Conn., media and services company that collects consumer attitudes about products and services.

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