Flexera Software tightens $85 million add-on term loan OID to 99.875

By Sara Rosenberg

New York, Sept. 17 – Flexera Software LLC revised the original issue discount on its fungible $85 million senior secured add-on first-lien term loan due February 2025 to 99.875 from talk in the range 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.

Jefferies LLC is the lead on the deal.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.