Attachmate is seeking an $825 million first-lien term loan, a $40 million first-lien revolving line of credit and a $225 million second-lien facility, Waltham, Massachusetts-based Novell said today in a regulatory filing.
Credit Suisse Group AG, Royal Bank of Canada, Goldman Sachs Group Inc. and the securities unit of Citadel LLC agreed to provide the financing, according to the filing.
Francisco Partners LP, Golden Gate Capital Corp. and Thoma Bravo LLC bought Attachmate in 2005, according to data compiled by Bloomberg.
The debt commitment will terminate if the initial funding of the facilities does not occur by April 20 at 5 p.m. New York time, according to the filing.
Novell agreed to be bought by Attachmate for $2.2 billion, the company said in a Nov. 22 statement. Novell Investors will get $6.10 a share. Attachmate also plans to use $425 million in equity financing to help pay for the acquisition.
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