Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

KKR’s Visma Said to Obtain $1.4 Billion Loan Deal to Extend Debt

Visma Group, a Norwegian maker of business software, agreed to a loan pact of 8.1 billion Norwegian kroner ($1.4 billion) that extends debt backing its 2010 buyout by KKR & Co.

The facilities comprise 7.9 billion kroner of term loans that mature in 4 1/2 and 5 years as well as a 200 million kroner credit line, according to two people with knowledge of the deal, who asked not to be identified because the financing is private. The debt includes 2 billion kroner of new borrowing that funds a dividend as well as investments by the company.

Ludo Bammens, a spokesman in London for KKR, didn’t reply to an e-mail and a telephone call seeking comment on the financing.

KKR bought a majority stake in Oslo-based Visma in September 2010 in a deal valuing the company at 11 billion kroner. The Norwegian company then raised 5.2 billion kroner of loans arranged by DNB ASA and Danske Bank A/S, according to data compiled by Bloomberg. Visma obtained additional loans in 2011, according to a company report.

The debt was arranged by DNB, SEB AB and Danske Bank, the people familiar with the transaction said.

Visma posted second-quarter earnings before interest, tax, depreciation and amortization of 311 million kroner, 22 percent higher than the same period last year, according to its website. KKR funds have a 76.1 percent stake in the business while other shareholders include private-equity firm HgCapital LLP which owns 17.5 percent, according to a 2012 company report.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.