MSC.Software obtains new $115 million credit facility

By Sara Rosenberg

New York, Oct. 15 - MSC.Software Corp. closed on a new $115 million credit facility, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The facility consists of a $50 million term loan, a $15 million revolver and a $50 million second-lien term loan.

Wells Fargo Foothill and CapitalSource Bank acted as the co-lead arrangers on the first-lien deal that was completed on Oct. 13, with Wells the administrative agent. Barclays Structured Principal Investing LLC is the agent on the second lien.

Proceeds were used to help fund Symphony Technology Group's acquisition of MSC.Software for about $390 million.

MSC.Software is a Santa Ana, Calif.-based software company.

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