GXS Worldwide to repay bank debt with senior secured notes proceeds

By Sara Rosenberg

New York, Dec. 9 - GXS Worldwide Inc. plans to repay its existing credit facility using proceeds from a $750 million senior secured notes offering, according to a news release.

Remaining proceeds will be used to fund the acquisition of Inovis International Inc., to repay Inovis debt and for general corporate purposes.

GXS is a Gaithersburg, Md.-based provider of B2B e-commerce services.

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