Quest Software to launch $3.58 billion of term loans on Wednesday

By Sara Rosenberg

New York, Jan. 3 – Quest Software is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch $3.575 billion of term loans, according to a market source.

The debt consists of a $2.71 billion first-lien term loan B and an $865 million second-lien term loan, the source said.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., BofA Securities Inc., BMO Capital Markets, Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Golub Capital, HSBC Securities (USA) Inc., Security Benefit, Wells Fargo Securities LLC, Deutsche Bank Securities Inc., Clearlake Capital, Antares Capital, CBAM, BNP Paribas Securities Corp., SVB, UBS Investment Bank, Citizens and SPC are the lead arrangers on the deal, with Goldman the left lead on the first-lien loan and Morgan Stanley the left lead on the second-lien loan.

Proceeds will be used to help fund the buyout of the company by Clearlake Capital Group LP from Francisco Partners.

Closing is expected this quarter, subject to customary regulatory approvals and conditions.

Quest Software is a cybersecurity, data intelligence and IT operations management software provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.