S&P gives Flexera loans B-

S&P said it assigned a B- rating to Flexera Software LLC’s planned $65 million revolving credit facility maturing February 2025 and incremental $285 million seven-year first-lien term loan. Flexera also plans to secure a $260 million eight-year second-lien term loan maturing December 2028

Proceeds will be used to partly fund Thoma Bravo’s acquisition.

S&P affirmed its B- ratings on the company and its first-lien debt.

The outlook is stable.

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