Citrix Systems receives $1.45 billion bridge loan from JPMorgan

By Taylor Fox

New York, Jan. 22 – Citrix Systems, Inc. secured a $1.45 billion senior unsecured 364-day bridge loan facility from JPMorgan Chase Bank, NA, according to a news release.

Citrix Systems announced it is acquiring Wrike in a reported $2.25 billion deal, which is expected to be funding with a combination of new debt and existing cash. The acquisition is expected to close in the first half of 2021.

The multinational software company is based in Fort Lauderdale, Fla.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.