Thoma Bravo Finalizes $5.5 Billion Dayforce Loan on High Demand

Thoma Bravo finalized a $5.5 billion debt deal that will help fund its pending acquisition of human-resources software provider Dayforce Inc. on Tuesday, after receiving strong investor demand to buy up the financing.

The seven-year leveraged loan priced at 3 percentage points over the benchmark rate and at a discount of 99.75 cents on the dollar, according to a person with knowledge of the matter. That was tighter than initial discussions of 3.25 to 3.5 percentage points over the benchmark.