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Wells Fargo Capital Finance Agents $225MM Credit Facility for MDC Partners

March 21, 2013, 07:52 AM
Filed Under: Specialty Industries

MDC Partners announced it entered into an amended and restated five-year $225 million revolving credit facility. An SEC 8-K filing  indicates that Wells Fargo Capital Finance is serving as administrative agent. Other lenders include JP Morgan Chase, The Bank of Montreal and Goldman Sachs Lending Partners.

MDC also announced the completion of its private offering of $550 million aggregate principal amount of 6.75% senior notes due 2020. MDC used the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration.

MDC Partners is one of the world's largest Business Transformation Organizations that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, and worldwide.

View the SEC 8-K filing here.

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