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New Relic completes $2.65 billion credit facilities for buyout
By Sara Rosenberg
New York, Nov. 8 – New Relic Inc. closed on its $2.65 billion of senior secured credit facilities that was used to help fund its acquisition by Francisco Partners and TPG, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.
Blue Owl Capital Corp. is the administrative agent and collateral agent on the credit facilities.
The facilities consist of a $250 million revolver and a $2.4 billion first-lien term loan.
New Relic, a San Francisco-based provider of an all-in-one observability platform for engineers, was purchased for $87.00 per share in cash. The all-cash transaction has an equity valuation of about $6.5 billion.
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