RealPage launches $260 million incremental term loan at 99 OID

By Sara Rosenberg

New York, Dec. 7 – RealPage Inc. launched on Tuesday its fungible $260 million incremental covenant-lite first-lien term loan due April 2028 with original issue discount talk of 99, according to a market source.

Pricing on the add-on term loan is Libor plus 325 basis points with a 0.5% Libor floor, in line with existing term loan pricing.

UBS Investment Bank, Credit Suisse Securities (USA) LLC and Goldman Sachs Bank USA are the bookrunners on the deal.

Commitments are due at 5 p.m. ET on Dec. 15, the source added.

Proceeds will be used to fund the acquisition of HomeWiseDocs, a provider of software solutions to property management companies.

Closing is expected this quarter, subject to customary conditions.

Thoma Bravo is the sponsor.

RealPage is a Richardson, Tex.-based provider of software and data analytics to the real estate industry.

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