Infor Global Solutions' $605 million term loan "B" broke in the secondary market at mid-par and traded actively in that context. Its $315 million second-lien term loan, which also broke, traded very thinly by comparison. A dealer said trading volume was low on the second lien because people were happy with their allocations.
JPMorgan and Credit Suisse lead the deal, which also includes a $50 million revolver. The financing backs Infor Global's $1 billion acquisition of Geac Computer Corp., which the company completed last week. A spokesman for Infor Global did not return calls.