Banks Provide $1B for Tech Deal

Four financial services companies are providing the software company Attachmate Corp. a $1.09 billion debt package to fund its acquisition of Novell, according to a filing with the Securities and Exchange Commission.

Credit Suisse, RBC Capital Markets, Goldman Sachs Group Inc. and Citadel Securities have agreed to provide the financing, which includes an $825 million first-lien term loan, a $225 million second lien and a $40 million revolver, according to the SEC documents.

Novell, of Waltham, Mass., made the filing Monday.

For reprint and licensing requests for this article, click here.
Bank technology
MORE FROM AMERICAN BANKER