Dec. 12 (Bloomberg) -- Blue Coat Systems Inc., a provider of web security solutions, is seeking $465 million in loans to back its buyout by Thoma Bravo LLC.
The financing will include a $415 million term loan and a $50 million revolving line of credit, according to a Dec. 9 regulatory filing.
Jefferies Group Inc. is arranging the financing for the Sunnyvale, California-based company.
The investor group led by San Francisco-based Thoma Bravo agreed to buy Blue Coat in a deal valued at approximately $1.3 billion. The buyout firm is taking the company private for $25.81 per share, according to a Dec. 9 company statement.
Amber Roberts, a spokeswoman for Thoma Bravo, didn’t respond to an e-mail seeking comment.
In a revolving credit facility, money can be borrowed again once it’s repaid; in a term loan, it can’t.
--Editors: Faris Khan, Pierre Paulden
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