Veeam Software gets lender OK to shift term loan to SOFR from Libor

By Sara Rosenberg

New York, March 1 – Veeam Software’s negative consent amendment to transition its term loan to SOFR from Libor passed, according to a market source.

The amendment added 10 basis points CSA to the loan.

JPMorgan Chase Bank is the administrative agent on the deal.

Veeam Software is a Columbus, Ohio-based provider of backup solutions that deliver cloud data management.

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