Clearlake-Backed Ivanti Reaches Debt Deal With Some Lenders
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Clearlake Capital Group-backed Ivanti Software Inc. has reached a deal with a core group of its lenders that gives it fresh financing and an extension of existing maturities, according to people familiar with the matter.
The IT firm will get roughly $350 million in new debt and stretch out existing maturities by several years, the people said, asking not be named discussing confidential information. Participation in the deal will be open to all existing lenders and doesn’t require a haircut to the value of their holdings, they added.