NSDGNational e-Governance Services Delivery Gateway (India)
NSDGNew School Development Group (California)
NSDGNorth Sea Decommissioning Group (UK)
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NSDG is the core infrastructure for interoperability between various e-government applications at different levels and geographically dispersed locations.
The Company reduced its $800 million revolving credit facility commitment to $500 million commensurate with the sale of NSDG, reflecting the reduced working capital and liquidity needs associated with its residual businesses.
Pro forma for the NSDG transaction, we will have approximately $700 million in funded debt (inclusive of approximately $85 million of capitalized lease obligations), and we believe it is appropriate to target ongoing financial leverage with a Funded Debt/EBITDA ratio of less than 2.