RiskMetrics prepays $81 million to reduce outstanding debt to about $206.7 million

RiskMetrics prepays $81M of its outstanding debt

NEW YORK — RiskMetrics Group Inc. on Monday said it used excess cash and equivalents to prepay $81 million of its existing first lien term loan.

The provider of risk management and corporate governance services to the global financial community has about $206.7 million in principal remaining outstanding on its loan facility.

RiskMetrics struck a deal in March to sell itself to MSCI Inc. for $1.55 billion in cash and stock. RiskMetrics shareholders have yet to approve the sale. It is expected to close during the third quarter.

In midday trading, RiskMetrics shares slipped 9 cents to $22.73. The stock has changed hands between $13.69 and $23.16 in the past 52 weeks.