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Flexera Software launches $130 million add-on term loan at 99.51 OID
By Sara Rosenberg
New York, Sept. 12 – Flexera Software LLC launched on Tuesday its fungible $130 million add-on term loan with price talk of Libor plus 350 basis points with a 1% Libor floor and an original issue discount of 99.51, according to a market source.
The spread and floor on the add-on term loan match existing term loan pricing.
The loan is callable at any time at par, the source said.
Jefferies LLC is the lead on the deal.
Commitments are due at 5 p.m. ET on Monday, the source added.
Proceeds will be used to fund an acquisition.
Flexera is an Itasca, Ill.-based software company.
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