PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Allen Systems Group, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ASG Software Solutions Executes Commitment Letter for Approximately $250 Million Loan Facility from TPG Opportunities Partners - Agreement contemplates the provision of funds to refinance existing first lien indebtedness - TPG.com / ASG.com
ASG Software Solutions Executes Commitment Letter for Approximately $250 Million Loan Facility from TPG Opportunities Partners

 

NewswireToday - /newswire/ - Naples, FL, United States, 2012/11/19 - Agreement contemplates the provision of funds to refinance existing first lien indebtedness - TPG.com / ASG.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ASG Software Solutions announced today that it has entered into a commitment letter with TPG Opportunities Partners for the provision of an approximately $250 million loan facility, which will refinance in full its existing first lien indebtedness and pay in full certain related fees and expenses. The commitment contemplates that the Company's second lien bond payment due November 15, 2012 will be paid at or before consummation of the financing.

Arthur L. Allen, ASG’s CEO, stated “We are excited about this loan and working with TPG to meet our financial obligations, while we work toward putting our company on firm financial footing and implementing our strategy for growth.”

In connection with funding of the loan, ASG will appoint a new Board of Directors, including two independent board members. The company will also undertake a review of its current operations, with an aim to enhance the firm’s competitiveness and improve the workplace environment. The company will continue to be led by its current management team, including Arthur L. Allen, who will continue as Chairman and CEO.

Funding under the loan is subject to certain conditions and the parties intend to work toward their satisfaction and toward closing the financing in the near future.

About TPG Opportunities Partners
TPG Opportunities Partners (tpg.com) is the dedicated credit platform of TPG, a leading global private investment firm founded in 1992 with $51.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, New York, Sao Paulo, Hong Kong, London, Paris, Luxembourg, Melbourne, Moscow, Mumbai, Shanghai, Chongqing, Beijing, Singapore and Tokyo.

About ASG
A recognized innovator in enterprise IT and business software solutions, ASG Software Solutions (asg.com) has been optimizing 85 percent of the world’s most complex IT organizations for over 25 years. We create and deploy unique software solutions that reduce cost, mitigate risk and improve service delivery throughout the IT lifecycle. ASG’s comprehensive solutions help you solve today’s challenges, such as cloud computing and big data, while driving your business forward by providing insight and control across cloud, distributed and mainframe environments.

Contact for TPG Opportunities Partners:
Lisa Baker, Owen Blicksilver PR
E: Lisa[.]blicksilverpr.com - P: 914-725-5949

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Allen Systems Group, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


ASG Software Solutions Executes Commitment Letter for Approximately $250 Million Loan Facility from TPG Opportunities Partners

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

ASG Software Solutions | TPG Opportunities Partner
Publisher Contact: Natalie Hahn O’Flaherty - ASG.com 
239-435-3654 nho[.]asg.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Allen Systems Group, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Allen Systems Group, Inc. / Company Profile


Read Software Most Recent Related Newswires:

PROS to Present at IATA Cargo Network Services Conference
Gamma Deploys Infinera XTM Series for UK Dark Fiber Aggregation Network
Cloud Elements Teams with IBM to Expand SaaS Connectivity in IBM App Connect
Prophet Implements NetSuite OneWorld to Accelerate Global Growth
Mentor Nucleus RTOS Supports Embedded Development on Boundary Devices’ Nitogen6x Platform
Sträva Technology Group Launches with a Mission to Re-Imagine How CRM Technology is Implemented for businesses
NetSuite Announces OneWorld for Nordics-headquartered Companies
Mizuho Financial Group, Mizuho Bank and IBM Japan Building Trade Financial Platform Using Blockchain
SYSPRO Boosts ERP Sales Process with Espresso Xpress Cart
NAKIVO More than Doubles Revenue Worldwide in Q1 2017
NetSuite Announces Massive Global Expansion Initiatives
Mentor Announces Nucleus RTOS Support for I.MX6UltraLite SoC
Trimfoot Moves B2B Integration to the OpenText Cloud
Flotek and IBM Begin Development of Cognitive Reservoir Performance System for Upstream Oil & Gas Industry
Veeva Vault EDC Now Available to Streamline Trial Design and Execution

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)