BMC livens up August, brings bonds, loans for $5.9bn LBO financing

Leveraged finance bankers will have little summer break this year now that BMC Software, the US enterprise software provider has launched its $4.5bn-equivalent covenant-lite loan package and $1.38bn high yield bond financing.

  • By Olivier Holmey
  • 01 Aug 2013

Investors have until August 7 to commit to BMC’s loan package. The high yield bonds, meanwhile, were announced on Wednesday and are expected to come next week.

The company will use the debt to back its $6.9bn acquisition by private equity firms Bain Capital and Golden Gate Capital. ...

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