Cases & Deals

Blackbaud obtains $700 million credit facility

Clients Blackbaud, Inc.

Jones Day represented Blackbaud, Inc., a leading provider of software and services to nonprofits, in its new $700 million credit facility, including a $400 million senior secured revolving credit facility, with a swingline sublimit, a letter of credit sublimit, and a multicurrency tranche; as well as a $300 million senior secured term loan facility, with the option to increase commitments under the facilities up to an aggregate amount of $200 million.