OpenLink Financial, a financial software maker, has fixed the initial interest rate on the $375 million credit it’s seeking to support its buyout from the The Carlyle Group, Bloomberg reports. The financial software maker is being purchased by Hellman & Friedman LLC. The $325 million term loan will carry an interest rate 6.5 percentage points more than the London interbank offered rate. Libor will have a 1.5 percent lower limit. Credit Suisse Group is arranging the transaction.
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