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FireEye Products plans new debt financing for buyout by Symphony
By Sara Rosenberg
New York, June 3 – The acquisition of FireEye Products by a consortium led by Symphony Technology Group for $1.2 billion from FireEye Inc. will be funded in part with new debt financing, according to a market source.
UBS Investment Bank and Jefferies LLC are providing the debt.
Symphony Technology Group intends to combine FireEye Products with McAfee Enterprise, a complementary cybersecurity business. Symphony expects its previously announced purchase of McAfee Enterprise to close in the third quarter.
Closing on the FireEye Products acquisition is expected by the end of the fourth quarter, subject to regulatory approvals and customary conditions.
Neither acquisition is conditioned on completion of the other.
FireEye Products is a provider of network, e-mail, endpoint and cloud security products.
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