Hyland Software to launch $225 million credit facility on Wednesday

By Sara Rosenberg

New York, Nov. 29 - Hyland Software is set to hold a bank meeting on Wednesday to launch its proposed $225 million credit facility, according to a market source.

Credit Suisse and RBC are the lead banks on the deal.

The facility consists of a $25 million revolver and a $200 million term loan, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

Hyland Software is a Westlake, Ohio-based enterprise content management software vendor.

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