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    Home»Deals & Transactions»Private Credit Firms Lend $1.6 Billion to Fund SailPoint Deal
    Deals & Transactions

    Private Credit Firms Lend $1.6 Billion to Fund SailPoint Deal

    April 13, 2022Updated:April 13, 20221 Min Read
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    A group of direct lenders have provided $1.6 billion of debt financing for private-equity firm Thoma Bravo’s acquisition of SailPoint Technologies Holdings Inc., according to people familiar with the matter.

    The funding from Golub Capital, Owl Rock Capital and Blackstone Credit marks the latest $1 billion-plus loan deal for the leveraged buyout of a software company.

    Thoma Bravo on Monday said it agreed to buy the cyber-security company for $65.25 per share, valuing SailPoint at about $6.9 billion. The deal is now entering a so-called go-shop period that allows SailPoint to seek other takeover offers.

    Read more: BNN Bloomberg

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