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

By Olivier Holmey
01 Aug 2013

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.

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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