McAfee/FireEye to launch $925 million first-lien term loan on Tuesday

By Sara Rosenberg

New York, July 19 – McAfee Enterprise/FireEye Products is scheduled to hold a lender call on Tuesday to launch a $925 million incremental first-lien term loan, according to a market source.

UBS Investment Bank, Jefferies LLC, BofA Securities Inc., HSBC Securities (USA) Inc. and KKR Capital Markets are the joint lead arrangers on the deal.

The company is also getting a $175 million second-lien term loan that has been pre-placed.

Proceeds will be used to help fund the acquisition of FireEye Products by a consortium led by Symphony Technology Group for $1.2 billion from FireEye Inc.

Symphony Technology Group intends to combine FireEye Products with McAfee Enterprise.

Closing on the FireEye 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.

McAfee Enterprise is a provider of device-to-cloud cybersecurity solutions. FireEye Products is a provider of network, e-mail, endpoint and cloud security products.

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