Davis Polk & Wardwell LLP is advising CSG Systems International, Inc. in connection with the US$300 million senior secured credit facility that it has entered into to provide a portion of the financing for its proposed £236.7 million acquisition of Intec Telecom Systems plc.

CSG Systems International, Inc., an Englewood, Colorado-based corporation, provides software-and-services based solutions, including customer management and billing services to North American cable and DBS companies. Its clients include Comcast, DISH Networks, Time Warner Cable and Charter Communications. The company manages over US$36 billion in transactions annually on its clients' behalf. Headquartered in the U.K., Intec provides product software, associated services, and support and maintenance, and specializes in retail billing software. It has approximately 400 customers worldwide and over 90% of its revenues is generated from telecommunications providers. The combination will create the second-largest specialist business support systems provider, with reach across multiple customer areas, including cable, Direct Broadcast Satellite, telecommunications, financial services, health care, utilities, retail, content and entertainment industries.

The Davis Polk financing team included partner Lawrence E. Wieman and associates Louise C. Bennetts and Michelle B. Galdos. Partner Rachel D. Kleinberg of the Menlo Park office and associate Craig A. Phillips provided tax advice. Partner Edmond T. FitzGerald provided benefits advice. Partner Gail A. Flesher provided environmental advice. Partner Steven S. Weiner of the Menlo Park office and associates David R. Bauer and Randy Samson provided intellectual property advice. Counsel James P. McIntyre and associate Joshua Erez provided real estate advice. Associate Catherine L. Martin provided ‘40 Act advice. Counsel William B. Hoffman of the Washington DC office provided OFAC advice. Richard A. Harrison was the legal assistant on the transaction. Except as otherwise indicated, all members of the Davis Polk team are based in the New York office.