Conga postpones call for $565 million first-lien term loan

By Sara Rosenberg

New York, March 18 – Conga (Apttus Corp.) decided to postpone its $565 million seven-year covenant-lite first-lien term loan that was previously scheduled to launch with a lender call at 11 a.m. ET on Thursday, according to a market source.

The call will be rescheduled to a later date, the source said.

Deutsche Bank Securities Inc. is the left bookrunner on the deal.

The term loan was expected to include 101 soft call protection for six months.

Proceeds were going to be used to repay $565 million of existing borrowings.

Conga is a provider of a cloud-based software platform that digitally transforms revenue operations.

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