Optiv Security credit facility to include first- and second-lien loans

By Sara Rosenberg

New York, Dec. 8 – Optiv Security Inc.’s proposed credit facility is expected to include first- and second-lien term loans, according to a market source.

As previously reported, the credit facility is being led by Jefferies Finance LLC.

Proceeds will be used to help fund the buyout of the company by KKR from a group of private investors, including a private equity fund managed by Blackstone, which will maintain a minority interest in Optiv along with Optiv management. Other selling shareholders include Investcorp and Sverica.

Closing is expected in the first quarter of 2017, subject to customary conditions.

Optiv Security is a Denver-based provider of end-to-end cyber security solutions.

© 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.