Flexera Software to launch $355 million credit facility on Wednesday

By Sara Rosenberg

New York, Feb. 19 - Flexera Software LLC is set to hold a bank meeting on Wednesday to launch a $355 million credit facility (B2), according to a market source.

BMO Capital Markets Corp. is leading the deal.

The facility consists of a $25 million revolver and a $330 million term loan B, the source said.

Proceeds will be used to refinance an existing first- and second-lien credit facility.

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

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