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Tibco Software finalizes $1.64 billion term B at Libor plus 450 bps
By Sara Rosenberg
New York, Jan. 18 – Tibco Software Inc. firmed pricing on its $1,641,000,000 term loan B at Libor plus 450 basis points, the low end of the Libor plus 450 bps to 475 bps talk, according to a market source.
As before, the term loan B has a 1% Libor floor, a par issue price and 101 soft call protection for six months.
Jefferies Finance LLC and KKR Capital Markets are the leads on the deal.
Proceeds will be used to reprice an existing term loan B from Libor plus 550 bps with a 1% Libor floor.
Tibco is a Palo Alto, Calif.-based infrastructure and business intelligence software company.
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