Conga to launch $565 million first-lien term loan on Thursday

By Sara Rosenberg

New York, April 14 – Conga (Apttus Corp.) is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $565 million seven-year covenant-lite first-lien term loan, according to a market source.

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

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at 5 p.m. ET on April 27, the source added.

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

The company was expected to come to market in March with this term loan, but then the launch was postponed with plans to reschedule to a later date.

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

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