Forcepoint to launch $600 million credit facilities on Wednesday

By Sara Rosenberg

New York, Jan. 19 – Forcepoint is scheduled to hold a lender call at 1 p.m. ET on Wednesday to launch $600 million of credit facilities, according to a market source.

Credit Suisse Securities (USA) LLC, UBS Investment Bank, Deutsche Bank Securities Inc. and Nomura are the lead arrangers on the deal.

The facilities consist of a $75 million revolver and a $525 million seven-year covenant-lite first-lien term loan, the source said.

The term loan has 101 soft call protection for six months.

Commitments are due at 5 p.m. ET on Feb. 2, the source added.

Proceeds will be used to support the buyout of the company by Francisco Partners from Raytheon Technologies, which was completed earlier this month.

Forcepoint is an Austin, Tex.-based provider of cybersecurity solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.