BMC Software to fully redeem 9%/9¾% due 2019 notes via new term loans

By Tali Rackner

Minneapolis, Nov. 27 – BMC Software Finance, Inc. plans to redeem all outstanding amounts under the 9%/9¾% senior contingent cash pay notes due 2019 of its parent, Boxer Parent Co. Inc., using the proceeds from new term loans, according to a press release.

On Monday, BMC announced the launch of a proposed debt refinancing with a $150 million term loan add-on and new €240 million term loan.

Proceeds will also be used to repay all $282 million outstanding under its euro term loan tranche, to pay all fees and related expenses and for general corporate purposes.

BMC is a Houston-based provider of IT digital enterprise management solutions.

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