Macrovision's Software Business Unit to get new credit facility for buyout by Thoma Cressey

By Sara Rosenberg

New York, Feb. 14 - Macrovision Corp.'s Software Business Unit is planning on getting a new credit facility to help fund its buyout by Thoma Cressey Bravo, Seth Boro, principal with Thoma Cressey Bravo told Prospect News on Thursday.

BMO Capital Markets is the lead bank on the deal.

Marketing for the debt is taking place this week, Boro said.

As for pricing, Boro said that he is "expecting competitive rates for current market conditions."

In addition to the credit facility, Thoma Cressey is "reviewing opportunities for incremental securities," Boro added.

Thoma Cressey is buying the Software Business Unit in a cash transaction valued at about $200 million.

The acquisition will result in a stand-alone company focused on providing solutions that help simplify the business relationship between software producers and enterprises.

The transaction is expected to close on or before April 1, subject to customary conditions, including review under the Hart-Scott-Rodino Antitrust Improvements Act.

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