Thoma Bravo-backed cybersecurity company Sophos is turning to its existing leveraged-loan lenders as it seeks to refinance or extend more than $2bn of debt, after attempts to secure private credit financing failed to gain traction, according to a report by Bloomberg.
The company could offer investors more attractive terms, including a higher interest coupon, additional amortisation and tighter financial covenants, according to people familiar with the discussions. A transaction could be launched...
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