Blackbaud, Inc. (NASDAQ: BLKB) said it has entered into a new credit facility in the aggregate amount of USD325m, including a USD175m senior secured term A loan, and a USD150m senior secured revolving credit facility with capacity to expand the facility incrementally by an additional USD200m.
The aggregate facility matures on February 28, 2019.
Sun Trust Robinson Humphrey, Inc., Bank of America / Merrill Lynch and Fifth Third Bank acted as joint lead arrangers and joint bookrunners on the financing.
Serving the nonprofit and education sectors for 30 years, Blackbaud combines technology and expertise to help organizations achieve their missions. For more information, visit www.blackbaud.com.