PRGX Global receives debt financing commitment for buyout

PRGX Global Inc. has received a debt financing commitment to fund a buyout of the company by Ardian.

Oaktree Capital Management LP and LBC Credit Partners Inc. have agreed to provide $149 million in senior secured first-lien credit facilities comprised of $134 million of term loans and a $15 million revolver, according to a Jan. 19 SEC filing.

Ardian will pay PRGX shareholders $7.71 per share, valuing the transaction at $195 million, according to the companies.

PRGX Global provides recovery-audit and spend-analytics services.