Flexera Software launches $45 million add-on first-lien term loan

By Sara Rosenberg

New York, Aug. 31 – Flexera Software LLC held a lender call at 3 p.m. ET on Monday to launch a fungible $45 million add-on first-lien term loan that is talked with an original issue discount of 99.03, according to a market source.

Pricing on the add-on term loan is Libor plus 350 basis points with a 1% Libor floor, in line with the existing first-lien term loan.

Commitments are due on Thursday, the source added.

Jefferies Finance LLC is the lead on the deal.

Proceeds will be used to fund an acquisition.

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

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