Canyon Valor Companies, a subsidiary of Cision, entered into an incremental facility amendment to its credit agreement. Deutsche Bank AG, New York Branch, served as both administrative and collateral agent.
Cision completed its previously announced refinancing of its outstanding 2016 first lien and second lien credit facilities with Deutsche Bank as administrative agent and collateral agent.
Cision has agreed to acquire PR Newswire from UBM in a deal that will create a global leader of communications software and services. Deutsche Bank Securities, Barclays and RBC Capital Markets are providing debt financing to Cision.