Blackbaud, Inc. Borrows $158 Million Pursuant to Revolving Credit Loan
January 02, 2019 at 05:29 pm EST
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On January 2, 2019, Blackbaud, Inc. borrowed $158 million pursuant to a revolving credit loan under its existing senior secured credit facility to finance its acquisition of YourCause Holdings, LLC. Following the borrowing, approximately $262 million is currently outstanding under the revolving credit loan with approximately $138 million of available borrowing capacity under the Credit Facility.
Blackbaud, Inc. is a cloud software and services provider. The Company enhances its software with a range of payment processing, analytic and business intelligence services, consulting, training, and professional services, as well as maintenance and technical support. Its specific solutions and services include fundraising and engagement, financial management, grant and award management, education solutions, social responsibility and ESG, payment services, data intelligence, professional and managed services, customer support, and training. Its fundraising and engagement solutions include Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving from Blackbaud, Blackbaud Fundraiser Performance Management, Blackbaud Altru, and Blackbaud Guided Fundraising. Its financial management services include Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.
BLACKBAUD, INC. 
