Flexera Software to launch $215 million credit facility on Nov. 30

By Sara Rosenberg

New York, Nov. 23 - Flexera Software Inc. is set to hold a bank meeting at 10 a.m. ET at Le Parker Meridien in New York on Nov. 30 to launch its proposed $215 million credit facility, according to a market source.

Barclays and RBC are the lead banks on the deal.

The facility consists of a $15 million revolver and a $200 million term loan B, the source said.

Proceeds will be used to refinance existing debt and fund a dividend payment.

Flexera is a Schaumburg, Ill.-based provider of software that helps simplify the business relationship between software producers and enterprises.

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