Cloudera Inc.s roughly $5.3 billion deal to go private and join the booming private-equity world just got a boost from the debt market.
The Silicon Valley company completed a $2.14 billion loan financing on Tuesday, as part of a bid by private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC to take the software company private, according to a source with direct knowledge of the dealings.
Pricing on the seven-year, $1.64 billion first-lien loan came roughly as expected, at Libor plus 375 basis points.
A smaller, eight-year, $500 million second-lien loan priced at Libor plus 600 basis points, after circulating with investors in a range of 625-650 basis points above the risk-free benchmark, indicating robust demand for the riskie…
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