Flexera Software tightens OID on $130 million add-on loan to 99.75

By Sara Rosenberg

New York, Sept. 19 – Flexera Software LLC revised the original issue discount on its fungible $130 million add-on term loan (B) to 99.75 from 99.51, 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 existing term loan pricing.

Jefferies LLC is the lead on the deal.

Recommitments were scheduled to be due at noon ET on Tuesday, the source said.

Proceeds will be used to fund an acquisition.

Flexera is an Itasca, Ill.-based software company.

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