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Tibco Software finalizes $110 million term loan at 99 OID
By Sara Rosenberg
New York, April 30 – Tibco Software Inc. firmed the original issue discount on its fungible $110 million incremental term loan at 99, within the 98.8 to 99.25 talk, according to a market source.
Pricing on the incremental term loan is Libor plus 375 basis points with a 0% Libor floor.
JPMorgan Chase Bank is the lead on the deal.
Proceeds will be used to refinance a privately placed loan.
Tibco is a Palo Alto, Calif.-based infrastructure and business intelligence software company.
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