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Flexera Software launches $215 million facility at Libor plus 525 bps
By Sara Rosenberg
New York, Nov. 30 - Flexera Software Inc. launched its $215 million credit facility on Tuesday morning with price talk of Libor plus 525 basis points with a 1.75% Libor floor, according to a market source.
The facility consists of a $200 million term loan B and a $15 million revolver.
The term loan B is being offered at an original issue discount of 98, the source said.
Barclays Capital Inc. and RBC Capital Markets Corp. are the lead banks on the deal.
Proceeds will be used to refinance existing debt and fund a dividend payment.
Flexera is a Schaumburg, Ill.-based provider of software to help simplify the business relationship between software producers and enterprises.
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