Attachmate Seeks $1 Billion in New Loans to Fund Novell Purchase
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Attachmate Corp., the connectivity solutions provider owned by private-equity firms, is seeking $1.09 billion in loans to finance its acquisition of Novell Inc.
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.