Credit Suisse First Bostonand Bank of Americaare leading a $535 million financing to back the acquisition of WordWaveby Merrill Corp., a provider of paper and electronic documentation. The deal consists of a $475 million, seven year-term loan and a $60 million, five-year revolver. Deutsche Bankis the documentation agent.
Price talk on the deal is LIBOR plus 2 1/2%. Syndication of the deal launched last Thursday and commitments are due in mid-to-late December. The closing date for the deal is also late December. Based in Boston, WorldWave is a voice-to-text service provider. Calls to WordWave and CSFB were not returned. An official at Merrill Corp. could not be reached for comment and officials at B of A declined to comment.