CEB Inc Amends Credit Facility

CEB Inc.

today announced the closing of $250 million in aggregate principal amount of 5.625% senior notes due 2023 (the "Notes") in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). CEB has also completed the amendment of its credit facilities to, among other things, reduce pricing, increase the size of its revolving credit facility, and extend the final maturity of its credit facilities to 2020 (the "Amended Credit Facilities"). CEB used the net proceeds from the offering of the Notes, together with the proceeds of new term loans under the Amended Credit Facilities, and cash on hand, to repay $504.5 million principal of term loans outstanding. Following consummation of the offering of the Notes, the closing of the Amended Credit Facilities and the use of proceeds therefrom, CEB has approximately $500.3 million of indebtedness outstanding. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The notes are being offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions outside the United States in accordance with Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements.