Software Maker Databricks Inks $1.8 Billion Financing Package

Software maker Databricks Inc. has lined up $1.8 billion of new financing from broadly syndicated loan investors and private credit lenders.

The company increased an existing delayed-draw term loan to $1.15 billion from $500 million, according to people with knowledge of the matter. It also boosted its revolver to $3.65 billion from $2.5 billion, said one of the people, who asked not to be identified because they’re not authorized to speak publicly.