CVC in Talks With Private Credit Funds to Refinance WebPros Debt

CVC Capital Partners is in talks with private credit lenders to finance a dividend recapitalization of Swiss software business WebPros, according to people with knowledge of the matter.

CVC is looking to raise about $1 billion through a unitranche loan, priced at about 525 basis points over the Secured Overnight Financing Rate, said the people, who requested anonymity discussing private matters.