Darktrace plans $2.15 billion of term loans for buyout by Thoma Bravo

By Sara Rosenberg

New York, April 29 – Darktrace plc has received a commitment for $2.145 billion of term loans to help fund its acquisition by Thoma Bravo, according to a company news release.

The debt consists of a $1.685 billion interim first-lien term loan and a $460 million interim second-lien term loan.

Goldman Sachs Bank USA is the agent on the deal.

Other funds for the transaction will come from equity.

Under the agreement, Darktrace is being bought for $7.75 in cash per share. The transaction has an implied enterprise value of $4.992 billion.

Closing is expected in the third or fourth quarter, subject to customary conditions.

Darktrace is a Cambridge, U.K.-based cybersecurity artificial intelligence company.

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