Apax Partners is seeking to use credit facilities worth $1.41 billion to help its acquisition of U.S. business-software makers, Epicor Software and Activant Solutions, Bloomberg reports. The private equity firm will secure an $870 million term loan, due in seven years and with a 3.75% interest rate, from Bank of America and Royal Bank of Canada. The two banks will also provide a $75 million revolving credit line expiring in five years to the buyer. Apax will give $647 million of equity financing for the transaction, which is valued at about $2 billion.
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