Intuit Financial plans debt financing for buyout by Thoma Bravo

By Sara Rosenberg

New York, July 1 - Intuit Financial Services plans on getting new debt led by Jefferies Finance LLC to help fund its roughly $1,025,000,000 purchase by Thoma Bravo from Intuit Inc., according to a market source.

Closing is expected in the next few months, subject to regulatory review and other customary conditions.

Intuit Financial Services is a Woodland Hills, Calif.-based provider of online and mobile banking software to financial institutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.