Flexera Software talks $85 million add-on term loan at 99.5-99.75 OID

By Sara Rosenberg

New York, Sept. 12 – Flexera Software LLC launched on Wednesday its fungible $85 million senior secured add-on first-lien term loan due February 2025 with original issue discount talk of 99.5 to 99.75, according to a market source.

Pricing on the add-on term loan is Libor plus 325 basis points with a 1% Libor floor, the source said.

Jefferies LLC is the lead on the deal.

Commitments are due at noon ET on Monday, the source added.

Proceeds will be used to fund an acquisition.

Flexera is an Itasca, Ill.-based provider of software and services that enable software publishers and device makers to install, enforce and deploy software licenses.

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