Lender Processing Services (LPS) has refinanced its $1.185 billion existing credit facility. The credit facility comprises a $400 million five-year revolving loan, a $535 million five-year term loan A and a $250 million seven year term loan B.
The company intends to use the funds to refinance existing indebtedness, pay related fees and expenses and provide for other general corporate purposes. LPS is a provider of integrated technology, services and loan performance data and analytics to the mortgage, consumer lending, capital markets and real estate industries.
Click here for the release from PR Newswire.