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Compuware to launch term B-2 repricing, $310 million add-on Thursday
By Sara Rosenberg
New York, Jan. 17 – Compuware Corp. is scheduled to hold a lender call at 1:30 p.m. ET on Thursday to launch a repricing of its existing $931 million term loan B-2 and a $310 million add-on to the term loan B-2, according to a market source.
Jefferies Finance LLC is the lead on the deal.
The existing term loan B-2 is being repriced from Libor plus 525 basis points with a 1% Libor floor.
Proceeds from the add-on debt will be used to repay a term loan B-1 that is priced at Libor plus 525 bps with a 1% Libor floor.
Compuware is a Detroit-based technology performance company.
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