Technology
Vista, Elliott’s Cloud Software to Refinance $2 Billion of Debt
Key Points
Vista, Elliott’s Cloud Software to Refinance $2 Billion of Debt Private equity-backed Cloud Software Group, which owns brands including Citrix and Tibco, kicked off a transaction on Monday to address its upcoming debt maturities. The company, formed after a leveraged buyout by Vista Equity Partners and Elliott Investment Management, is offering $2 billion of senior secured notes to partially refinance debt due in 2029, according to a person familiar with the matter.
Vista, Elliott’s Cloud Software to Refinance $2 Billion of Debt
Private equity-backed Cloud Software Group, which owns brands including Citrix and Tibco, kicked off a transaction on Monday to address its upcoming debt maturities.
The company, formed after a leveraged buyout by Vista Equity Partners and Elliott Investment Management, is offering $2 billion of senior secured notes to partially refinance debt due in 2029, according to a person familiar with the matter.