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Qlik Technologies term loan B strengthens with Talend acquisition news
By Sara Rosenberg
New York, Jan. 5 – Qlik Technologies Inc.’s term loan B headed higher in the secondary market on Thursday following an announcement by the company of its intention to purchase Talend.
The term loan B was quoted by one trader at 97½ bid, 99 offered, up from 96¾ bid, 98¼ offered, and by a second trader at 98¾ bid, up from 97½ bid, 98½ offered.
“Buyers like the news. Positive catalyst moving it higher,” the second trader said regarding the term loan’s rise.
Closing on the acquisition is expected during the first half of 2023, subject to customary regulatory approvals. Terms of the proposed transaction were not disclosed.
Both Qlik and Talend are Thoma Bravo portfolio companies.
Qlik is a King of Prussia, Pa.-based data analytics company. Talend is a San Mateo, Calif.-based data integration and data management company.
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