Micro Focus launches tender for some term loan B debt at 94-96 price

By Sara Rosenberg

New York, June 27 – Micro Focus International plc launched on Monday a Dutch auction tender offer for up to $100 million of its roughly $1.38 billion term loan B due 2024 at a price in the range of 94 to 96, according to a market source.

The tender offer expires at 10 a.m. ET on Thursday, the source said.

JPMorgan Chase Bank is the lead on the transaction.

Funds for the tender offer will come from cash on hand.

Micro Focus is a Newbury, England-based enterprise software company.

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