Tibco Software increases add-on term loan amount to $225 million

By Sara Rosenberg

New York, May 17 – Tibco Software Inc. upsized its add-on term loan (B1) to $225 million from $150 million, according to a market source.

Pricing on the loan is unchanged at Libor plus 450 basis points with a 1% Libor floor and a par issue price.

KKR Capital Markets and Jefferies Finance LLC are the leads on the deal.

Allocations were going out late in the day on Wednesday, the source added.

Proceeds will be used for general corporate purposes.

Tibco is a Palo Alto, Calif.-based infrastructure and business intelligence software company.

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