Infogroup
(NASDAQ: IUSA), the leading provider of data driven and interactive
resources for targeted sales, marketing and research solutions today
announced the commencement of a marketing process for a proposed $365
million senior secured credit facility (the "Facility”). On March 8,
2010, Infogroup announced it entered into an agreement to be acquired by
affiliates of CCMP Capital Advisors, LLC. (the "Transaction”), subject
to the approval of Infogroup shareholders, regulatory approvals and
customary closing conditions. Infogroup plans to use proceeds of the new
Facility to repay existing debt, pay a portion of the consideration due
to stockholders in the Transaction, and for future working capital needs.
Completion of the Facility is subject to consummation of the
Transaction, successful marketing of the Facility and the negotiations
and execution of definitive documentation. No assurance can be given
that the Facility will be completed, and if completed, on what terms.
The Transaction is anticipated to close early this summer.
About Infogroup
Infogroup (NASDAQ: IUSA) is the leading provider of data and interactive
resources that enables targeted sales, effective marketing and
insightful research solutions. Our information powers innovative tools
and insight for businesses to efficiently reach current and future
customers through multiple channels, including the world’s most dominant
and powerful Internet search engines and GPS navigation systems.
Infogroup’s headquarters are located at 5711 South 86th
Circle, Omaha, NE 68127. For more information, call (402) 593-4500 or
visit www.infogroup.com.
About CCMP Capital
CCMP Capital Advisors, LLC, is a leading global private equity firm
specializing in buyouts and growth equity investments in companies
ranging from $500 million to more than $3 billion in size. CCMP Capital
focuses on five primary industries: Consumer/Retail; Industrial; Energy;
Healthcare; and Media. Selected investments under management include:
ARAMARK Corporation, Edwards Limited, Francesca’s Collections, Generac
Power Systems, Grupo Corporativo ONO, LHP Hospital Group, Quiznos Sub
and Warner Chilcott. CCMP Capital’s founders have invested over $12
billion since 1984. CCMP Capital's latest fund, CCMP Capital Investors
II, L.P., closed in September 2007 with commitments of $3.4 billion.
CCMP Capital has offices in New York, Houston and London. Through active
management, its global resources and its powerful value creation model,
CCMP Capital has established a reputation as a world-class investment
partner. For more information, please visit www.ccmpcapital.com.
CCMP Capital is a registered investment adviser with the Securities and
Exchange Commission.
Statements in this announcement other than historical data and
information constitute forward looking statements that involve risks and
uncertainties that could cause actual results to differ materially from
those stated or implied by such forward-looking statements. The
potential risks and uncertainties include, but are not limited to,
recent changes in senior management, the successful integration of
recent and future acquisitions, fluctuations in operating results,
failure to successfully carry out our Internet strategy or to grow our
Internet revenue, effects of leverage, changes in technology and
increased competition. More information about potential factors that
could affect the company’s business and financial results is included in
the company’s filings with the Securities and Exchange Commission.
