Attachmate Seeks $1.09B To Buy Novell
Attachmate is planning to secure $1.09 billion in credit to fund its acquisition of Novell.
is planning to secure $1.09 billion in credit to fund its
acquisition of Novell, Bloomberg
reports. The software company
is seeking an $825 million first-lien term loan, a $40 million
first-lien revolving line of credit and a $225 million
second-lien facility, to buy Waltham, Massachusetts-based
, Royal Bank of Canada, Goldman
Sachs and the securities unit of
Citadel will provide the financing. Attachmate
will buy Novell for $2.2 billion, and will also use $425
million in equity financing to pay for the purchase.
Click here for the story from Bloomberg.