Kaseya enters credit agreements in connection with Datto acquisition

By Mary-Katherine Stinson

Lexington, Ky., June 23 – Kaseya Inc. closed on a credit agreement June 23 providing for a $3.3 billion senior secured initial term loan facility, a $200 million senior secured revolving facility and a $200 million senior secured delayed-draw term loan facility, according to an 8-K filing with the Securities and Exchange Commission Thursday.

The agreement is secured by the Kaseya’s assets and the assets of the guarantors.

Golub Capital Markets LLC is the administrative agent, collateral agent and a letter of credit issuer for the agreement.

Kaseya closed its $6.2 billion acquisition of Datto Holding Corp. on June 23.

Datto is a Norwalk, Conn.-based provider of data protection and IT solutions to small and medium-sized businesses. Miami-based Kaseya is a provider of unified IT and security management software for managed service providers and mid-market enterprises.

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