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Citrix Bankers Pitch Fresh Structure for $15 Billion Buyout Debt

  • Banks gauge interest in potential new euro-denominated loan
  • Early price indications on a $4 billion loan in low-90s range
The Citrix headquarters in Santa Clara. 

The Citrix headquarters in Santa Clara. 

Photographer: David Paul Morris/Bloomberg

Citrix Systems Inc. bankers are doing whatever it takes to get one of the biggest buyout financings of the past decade off their books, pitching investors a revised $15 billion deal to help limit potential losses as the credit market thaws.

The banks, which are holding pre-marketing discussions with investors this week, are gauging interest in a new potential $500 million-equivalent leveraged loan denominated in euros, according to people with knowledge of the matter.