Dayforce $5.5 Billion Loan Set to Be Year’s Biggest for LBO
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A Goldman Sachs Group Inc.-led group of banks launched a $5.5 billion leveraged loan on Wednesday to help finance Thoma Bravo’s pending acquisition of human-resources software provider Dayforce Inc.
Initial price talk was disclosed Thursday as a lender call was held, with a margin as much as 3.5 percentage points above the Secured Overnight Financing Rate, offered at a discount of 99.5 cents on the dollar, according to a person familiar with the matter. Lender commitments are due Oct. 7. Bloomberg News reported details of the offering last week.