Flexera launches $60 million incremental term loan at 99.25-99.5 OID

By Sara Rosenberg

New York, Jan. 7 – Flexera Software LLC launched on Tuesday its fungible $60 million incremental first-lien term loan due February 2025 with original issue discount talk in the range of 99.25 to 99.50, according to a market source.

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.

Jefferies LLC is the bookrunner on the deal.

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

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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