Citrix underwriters set Wednesday deadline for term loan A interest

By Sara Rosenberg

New York, Jan. 17 – Citrix Systems Inc.’s underwriters term loan A sell down is currently expected at about $135 million, however interested parties have until noon ET on Wednesday to let the underwriters know if they are interested in the debt, according to a market source.

As previously reported, the underwriters are offering the term loan A at a trade price of 90.

Underwriters are currently holding about $1 billion of the roughly $2.5 billion term loan A due 2028.

BofA Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KKR Capital Markets LLC, Mizuho Bank, Morgan Stanley Senior Funding Inc., RBC Capital Markets, Apollo Global Funding, Jefferies LLC, BMO Capital Markets, BNP Paribas Securities Corp., Guggenheim, HSBC Securities (USA) Inc., Macquarie Capital (USA) Inc., Nomura Securities International Inc., Truist Securities Inc., UBS Securities LLC, Wells Fargo Securities LLC, KeyBanc Capital Markets Inc., MUFG, Bank of Nova Scotia, Societe Generale, Stifel Nicolaus & Co., SPC Capital Markets LLC, TD Securities (USA) LLC, Fifth Third Bank, ING Capital LLC, IMI, Natixis, Santander Bank and U.S. Bank are in the underwriting group.

The term loan A was used last year to help fund the buyout of the company by Vista Equity Partners and Evergreen Coast Capital Corp. for $104.00 in cash per share and merger with Tibco Software Inc., one of Vista’s portfolio companies, repay existing debt at Citrix and Tibco and add cash to the balance sheet.

Citrix is a Fort Lauderdale, Fla.-based provider of secure, unified digital workspace technology. Tibco is a Palo Alto, Calif.-based infrastructure and business intelligence software company.

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