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Bank of America, Others Increase Evanta’s Facility to $350MM

May 03, 2016, 07:11 AM
Filed Under: Technology
Related: Bank of America

CEB, a best practice insight and technology company,  has closed its previously announced acquisition of Evanta Ventures, Inc. and an affiliated business. Portland, Ore.-based Evanta fosters collaboration and the exchange of best practices between Information Technology & Security, Human Resources and Finance leaders through nearly 200 annual events, online and offline learning platforms and subscription information offerings.

CEB also announced that in connection with the completion of the Evanta acquisition it amended its senior secured credit agreement with Bank of America, N.A. and certain other parties thereto by adding $150 million of term loans to its existing term loan facility and increasing its revolving credit facility by $100 million to a total of $350 million. Consistent with its announcement at the signing of the Evanta acquisition, CEB used borrowings under the amended credit facilities to fund the purchase price for the acquisition.

CEB is a best practice insight and technology company. In partnership with leading organizations around the globe, we develop innovative solutions to drive corporate performance. CEB equips leaders at more than 10,000 companies with the intelligence to effectively manage talent, customers, and operations. CEB is a trusted partner to nearly 90% of the Fortune 500 and FTSE 100, and more than 70% of the Dow Jones Asian Titans.

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