Epiq Systems closes $400M senior credit facility

|By:, SA News Editor

Epiq Systems (EPIQ -1.1%) closes a $400M senior secured credit facility composed of a $100M revolver due 2018 and a $300M term loan maturing in 2020.

Proceeds will be used to refinance existing debt and provide "Epiq with increased capital flexibility for future potential strategic opportunities to enhance growth."