Misys secures £280m loan to buy Sophis

19 Nov 2010

Software and services firm Misys has obtained a £280m loan to finance its acquisition of Sophis, a provider of capital markets software.

Misys will fund the takeover with the four year facility, a five year convertible bond of roughly £100m, and proceeds from the sale of its remaining shares in healthcare firm Allscripts.

Bank of Ireland, Barclays Capital, HSBC, Royal Bank of Scotland and Yorkshire Bank are providing the loan, which ...

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