Legal software firm Relativity ODA has reduced borrowing costs on its existing private debt after refinancing a $720m first-lien term loan in the leveraged loan market, as public market investors continue to displace private lenders, according to a report by Bloomberg.
JPMorgan Chase is leading the bank group on the refinancing, which allows the Silver Lake-backed company to reprice the loan at 2.75 percentage points over the benchmark rate, according to a person familiar with the transaction. P...
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