Attachmate Said to Cancel $400 Million in Loans for Dividend
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Attachmate Corp., a systems infrastructure software provider, canceled plans for $400 million in loans to pay a dividend to sponsors, according to a person with knowledge of the matter who declined to be identified because the deal’s private.
Credit Suisse Group AG, Royal Bank of Canada, Bank of America Corp. and Wells Fargo & Co. were arranging the debt, which included a $300 million incremental first-lien term loan due in April 2017 and a $100 million incremental second-lien term loan due October 2017, according to data compiled by Bloomberg.