Flexera changes $210 million incremental term loan issue price to par

By Sara Rosenberg

New York, April 11 – Flexera Software LLC revised the issue price on its fungible $210 million incremental first-lien term loan due March 2028 to par from talk in the range of 99.5 to 99.75, according to a market source.

Pricing on the term loan is SOFR+CSA plus 375 basis points with a 0.75% floor, in line with existing term loan pricing.

CSA is ARRC standard of 11.448 bps one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate.

Jefferies LLC is the left lead arranger on the deal.

Commitments are due at noon ET on Friday, accelerated from noon ET on Tuesday, the source added.

Proceeds will be used with cash from the balance sheet to pay down an existing second-lien term loan.

Flexera is an Itasca, Ill.-based SaaS and Software Asset Management and Software Monetization provider.

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