Aveva signs sterling, skips dollar for OSI

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By Mike Turner
12 Oct 2020

Aveva, the UK software company, has completed another round of loan financing linked to its $5bn purchase of US industrial software company OSIsoft, with the acquisitive firm taking a sterling revolver but scrapping a planned $900m loan.

Aveva has signed a £250m ($324m) revolving credit facility. Existing lenders on the acquisition Barclays, BNP Paribas and JP Morgan were joined by HSBC and Santander.

But a $900m syndicated term loan has been cancelled. Instead, Aveva will sign the same sized loan — at a better margin than ...

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