BofA Agents New $700MM Facility for Blackbaud

Blackbaud entered into a new $700 million credit facility that includes a $300 million senior secured term loan and a $400 million senior secured revolving credit facility. Bank of America served as administrative agent.

Blackbaud Funds Acquisition with SunTrust Agented Facility

Blackbaud completed its acquisition of Smart Tuition for a purchase price of $190 million. Blackbaud financed the acquisition with borrowings under its existing credit facility with a lender group led by SunTrust as administrative agent.