Keynote to get $185 million credit facility with buyout by Thoma Bravo

By Sara Rosenberg

New York, June 24 - Keynote plans on getting a $185 million senior secured credit facility to help fund its acquisition by Thoma Bravo LLC, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Ares Capital Corp. is leading the deal.

The facility consists of a $10 million revolver and a $175 million term loan.

Under the agreement, Keynote is being bought for $20 per share in cash. The transaction is valued at about $395 million.

Closing is expected before Sept. 30, subject to customary conditions, including requisite regulatory approvals and the approval of Keynote stockholders.

Keynote is a San Mateo, Calif.-based Internet and mobile cloud testing & monitoring company.

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