Flexera to launch $260 million of incremental term loans on Tuesday

By Sara Rosenberg

New York, April 22 – Flexera Software LLC is scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch $260 million of incremental term loans, according to a market source.

Jefferies LLC is the lead on the deal.

The debt consists of a $220 million incremental first-lien term loan and a $40 million incremental second-lien term loan, the source said.

Proceeds will be used for a recapitalization.

A corresponding amendment will also be launched on the lender call, the source added.

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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