MRI Software gets $330 million incremental unitranche financing

By Sara Rosenberg

New York, Dec. 11 – MRI Software got a $330 million incremental unitranche financing, consisting of a $30 million incremental revolver and a $300 million incremental delayed-draw term loan, according to a market source.

The incremental facility was upsized from a $235 million incremental delayed-draw term loan at launch, the source said.

Concurrently with the incremental financing, the maturity on the existing facilities was extended by one year to February 2027.

Golub Capital was the left lead arranger on the deal.

Proceeds were used to further enhance the company’s liquidity position for future acquisitions.

Pro forma for the transaction, the roughly $2.9 billion unitranche facility consists of a $130 million revolver, roughly $2.5 billion of funded term loans and a $300 million unfunded delayed-draw term loan.

MRI Software, a portfolio company of TA Associates, Harvest Partners and GI Partners, is a Solon, Ohio-based provider of real estate software solutions.

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