MRI Software gets $250 million incremental delayed-draw term loan

By Sara Rosenberg

New York, Sept. 1 – MRI Software got a $250 million incremental delayed-draw term loan under its unitranche facility to enhance liquidity for future acquisitions, according to a market source.

Golub Capital, Antares, Ares and Crescent were the joint lead arrangers on the deal.

In addition, the company obtained a $180 million incremental first-lien term loan under its unitranche facility that was privately placed by its sponsors to fund an acquisition.

Pro forma for the incremental loans, the unitranche facility totals $2.01 billion, “which is the largest [U.S. dollar] unitranche facility ever, and the first to cross the $2 billion threshold,” the source added.

Golub is the administrative agent on the entire unitranche facility.

MRI Software, a portfolio company of TA Associates, Harvest Partners and GI Partners, is a Solon, Ohio-based provider of real estate software solutions.

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