Flexera Software to launch $470 million of term loans on Tuesday

By Sara Rosenberg

New York, March 14 - Flexera Software LLC will hold a bank meeting on Tuesday morning to launch a $470 million of term loans, according to a market source.

Jefferies Finance LLC, BMO Capital Markets Corp. and Bank of America Merrill Lynch are the lead banks on the deal.

The debt consists of a $345 million first-lien term loan and a $125 million second-lien term loan, the source said.

Proceeds will be used to refinance existing debt and fund a dividend.

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

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