|CheckFree Announces $185 Million Three-Year Revolving Line of Credit|
Wednesday August 25, 9:00 am ET
ATLANTA, Aug. 25 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR - News) today announced that it has closed on a three-year $185 million senior secured revolving credit agreement. The credit facility will be used for general corporate purposes of CheckFree Corporation and its subsidiaries, including working capital, acquisitions and letter of credit needs. The new facility provides for borrowings tied to base rate and LIBOR and contains certain financial covenants.
SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc. is a Joint Lead Arranger and SunTrust Bank is the Administrative Agent. Banc of America Securities LLC is a Joint Lead Arranger and Bank of America, N.A. is the Syndication Agent. . .