Thoma Bravo has agreed to a wide range of lender protections to secure a two-year extension for roughly $5bn of debt at cybersecurity software company Proofpoint, highlighting the growing leverage creditors have gained over private equity sponsors with large software exposures, according to a report by Bloomberg.
The buyout firm agreed to around 40 changes to Proofpoint’s loan documentation during negotiations that concluded last month. The package includes tighter restrictions on additional bor...
Continue Reading
Sign up for FREE to read the full article and access 158K+ alternative investment headlines.
Alternative Investment News