Private Credit Firms Near $2 Billion Debt Deal for Alteryx LBO.

LEVERAGED buyouts; DEBT; BUSINESS enterprises; COMPUTER software developers; FINANCE software; LOANS

Private credit firms, including Apollo Global Management and Blackstone, are close to finalizing a $2 billion debt package to finance the buyout of software developer Alteryx by Clearlake Capital and Insight Partners. Blue Owl Capital and Sixth Street Partners are also involved in the talks. The debt is expected to be priced at around 6.5 percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar. The lenders are also expected to provide a revolver of about $200 million. The structure of the package changed from a recurring revenue loan to a corporate loan based on earnings before interest, taxes, depreciation, and amortization. [Extracted from the article]

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