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Vista, Elliott’s Cloud Software to Refinance $2 Billion of Debt

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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.
Vista (ORG) Elliott’s Cloud Software to Refinance (ORG) Debt Vista (ORG) Cloud Software Group (ORG) Citrix (ORG) Tibco (LOCATION) Vista Equity Partners (ORG) Elliott Investment Management (ORG)
Originally published by Bloomberg Markets Read original →