BeyondTrust gets $1.03 billion credit facility, $935 million in commitments

By Mary Katherine Stinson

Lexington, Ky., Dec. 20 – BeyondTrust received a $1.03 billion credit facility and $935 million in additional commitments from Blackstone Credit, according to an 8-K filing with the Securities and Exchange Commission.

In November, Blackstone Credit served as a lead lender on a $1.03 billion senior credit facility.

Blackstone also committed to provide $935 million in commitments, comprised of a $799 million unitranche term loan, $91 million delayed-draw term loan and $45 million revolver to refinance BeyondTrust's existing debt.

BeyondTrust is a cybersecurity software vendor providing remote access and privileged access management.

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