Daily News: August 31, 2017

Reuters: ECi $570MM Buyout Package Prepares for Syndication

Reuters reported that Bank of America Merrill Lynch and RBC Capital Markets are preparing a $570 million financing package to support the buyout of U.S. software company ECi, and its merger with Netherlands-based Exact Software.

According to Reuters, the syndication for financing will begin after Labor Day and will include a $50 million revolver and a $380 million term loan B led by Bank of America Merrill Lynch, and a $140 milion second-lien term loan led by RBC.