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KKR Leads $3 Billion Private Debt Deal for Thoma Bravo's Flexera

KKR Leads $3 Billion Private Debt Deal for Thoma Bravo's Flexera

Bloomberg17 hours ago
KKR & Co. is leading a private credit package of around $3 billion for Thoma Bravo -owned Flexera Software to refinance the company's existing broadly syndicated debt and pay out a dividend, according to people with knowledge of the matter.
KKR's credit arm is providing the largest portion of the financing, with others including Ares Management Corp., Blackstone Inc., Golub Capital, HPS Investment Partners and Thoma Bravo's own credit business also participating, said the people, who asked not to be identified discussing private information.
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