Flexera Software to launch $355 million credit facility on Sept. 7

By Sara Rosenberg

New York, Aug. 31 - Flexera Software is scheduled to hold a bank meeting on Sept. 7 to launch a proposed $355 million credit facility, according to a market source.

BMO Capital Markets Corp. is the lead bank on the deal.

The facility consists of a $25 million revolver, a $230 million first-lien term loan and a $100 million second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Teachers' Private Capital from Thoma Bravo LLC.

Closing on the transaction is expected in late September.

Flexera is a Schaumburg, Ill.-based provider of strategic application usage management services for application producers and their enterprise customers.

© 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.