Acxiom Announces $600m Refinancing Deal

Enterprise data and analytics firm Acxiom has announced a $600m refinancing initiative, which it plans to use to repay its existing $215m term loan and for other 'general corporate purposes'.

Acxiom combines consumer data and analytics, databases, data integration and consulting solutions for personalized, multichannel marketing. The company also offers a suite of products which provide customer segment data based on lifestyle and intent to purchase profiles, as well as analytics and predictive modelling services.

The refinancing comprises a $300m term loan and a $300m undrawn revolving credit facility, as well as a $150m 'uncommitted accordion' feature, allowing for additional revolving capacity if required. In a statement, the company said that the refinancing will give the company more liquidity, lower borrowing rates, and lower fees.

CFO Warren Jenson (pictured) comments: 'This debt facility gives us additional liquidity and financial flexibility. We are pleased to be in the position of having a strong balance sheet, excellent liquidity and acquisition capacity. At the same time, the company is investing in break-through technology and is committed to its ongoing $200m share repurchase program.'

Web site: www.acxiom.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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