InfoUSA has told its senior lenders that it will make a $1.5 million prepayment on its senior debt credit facility.
Combined with a scheduled $3.1 million amortization payment, this will reduce the balance of the facility to $98.9 million. The firm, which has made $21 million in prepayments this year, plans to pay down the debt over the next two years.
InfoUSA borrowed $165 million under the facility to finance its Donnelley Marketing acquisition in 1999. Since then, the Omaha-based information provider has made $46 million in prepayments, and $15 million in scheduled payments.
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