Lender Processing Services, Inc. to Refinance Its Senior Secured Credit Facilities

Lender Processing Services, Inc. LPS today announced plans to refinance its existing senior secured credit facilities. The proposed financing is expected to consist of a $400 million revolving credit facility, a $350 million 5-year Term Loan A and a $550 million 7-year Term Loan B. Proceeds will be used to refinance existing indebtedness, pay related fees and expenses and provide for other general corporate purposes. The new senior secured credit facilities are expected to enhance liquidity, extend maturities, and provide more flexibility under the covenants. The closing of the refinancing is expected to occur in August, 2011, subject to market and other customary conditions.