Flexera readies launch of $675 million credit facilities for Jan. 16

By Sara Rosenberg

New York, Jan. 9 – Flexera is scheduled to hold a bank meeting on Jan. 16 to launch $675 million of funded first- and second-lien credit facilities, according to a market source.

Jefferies LLC is the left lead on the deal.

Proceeds will be used with equity to refinance existing debt and fund the purchase of a minority equity stake in the company by TA Associates.

Ontario Teachers’ Pension Plan will remain the majority owner of the company.

Closing is expected in February.

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

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