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Prospect News home > News index > List of issuers S > Headlines for Severin Acquisition, LLC > News item
Published on 9/26/2023 in the Prospect News Bank Loan Daily.

PowerSchool to launch $840 million first-lien term loan on Wednesday

By Sara Rosenberg

New York, Sept. 26 – PowerSchool Holdings Inc. (Severin Acquisition LLC) is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch an $840 million first-lien term loan due Aug. 1, 2027, according to a market source.

Barclays is the left lead on the deal.

Proceeds will be used to amend and extend an existing $840 million first-lien term loan due August 2025.

PowerSchool is a Folsom, Calif.-based provider of cloud-based software for K-12 education.


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