Home » News » Currently Reading:

Misys Gets Allscripts Merger Funding

September 29, 2008 News No Comments

Misys PLC announced this morning that it has signed agreements to obtain the $325 million it needs to fund its proposed merger with Allscripts. A group consisting of HSBC Bank, Bank of Ireland, and Royal Bank of Scotland will provide $150 million as a revolving credit facility over 18 months, while ValueAct Capital will provide $175 million under a subordinated credit facility over 20 months.

A revolving credit facility provides funds that the borrow can draw down and pay at its discretion over the specified time period. A subordinated loan is repayable after all other debt has been satisfied and is therefore riskier to the lender.



HIStalk Featured Sponsors

     

Text Ads


RECENT COMMENTS

  1. Re: A chief health AI transformation officer (CHAITO) I predict a position evolution along the following lines. "We have too…

  2. To take the counterpoint to the "don't just schedule more visits" argument - it depends on if you're looking at…

  3. Aaand, 4th to last graf, 1st sentence, not a distance, so you would go further, not farther.

  5. There's a typo in your Oracle headline where it says "debilitating wave of layoffs."

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

RSS Webinars

  • An error has occurred, which probably means the feed is down. Try again later.

Sponsor Quick Links