JDA Software Group Inc's debt financing for acquisition of i2 Technologies confirmed by Credit Suisse Securities and Wachovia Capital Markets LLC

Wed. October 01, 2008; Posted: 05:23 AM

Oct 01, 2008 (M2 EQUITYBITES via COMTEX) -- JDAS | Quote | Chart | News | PowerRating -- JDA Software Group Inc (NASDAQ: JDAS), a company that provides supply and demand chain requirement software solutions, reported yesterday (30 September) that the financing syndicate led by Credit Suisse for the debt financing of the company's pending acquisition of i2 Technologies has been joined by Wells Fargo Foothill.

In addition JDA, Credit Suisse and Wachovia have agreed to amend their commitment letter to reduce the adjusted pro forma EBITDA condition to the debt financing. The amendment also confirms the original USD450m commitment by Credit Suisse and Wachovia, JDA said.

JDA is planning to host a bank meeting for the syndication of the debt in early October in New York City.

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For full details on Jda Software Group Inc (JDAS) click here. Jda Software Group Inc (JDAS) has Short Term PowerRatings of 5. Details on Jda Software Group Inc (JDAS) Short Term PowerRatings is available at This Link.

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