Flexera to launch $60 million incremental term loan on Tuesday

By Sara Rosenberg

New York, Jan. 6 – Flexera Software LLC will hold a lender call at 11 a.m. ET on Tuesday to launch a fungible $60 million incremental first-lien term loan due February 2025, according to a market source.

Jefferies LLC is the bookrunner on the deal.

Pricing on the incremental term loan matches existing first-lien term loan pricing at Libor plus 350 basis points with a 25 bps leverage-based step-down and a 1% Libor floor.

Proceeds will be used to fund an acquisition.

Commitments are due at 2 p.m. ET on Friday, 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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