Bloomberg News

Attachmate Said to Cancel $400 Million in Loans for Dividend

February 07, 2012

Feb. 6 (Bloomberg) -- Attachmate Corp., a systems infrastructure software provider, is said to have canceled plans for $400 million in loans to pay a dividend to sponsors, according to a person with knowledge of the matter who declined to be identified because the deal’s private.

Credit Suisse AG was arranging the debt, which included a $300 million incremental first-lien term loan due in April 2017 and a $100 million incremental second-lien term loan due October 2017, according to data compiled by Bloomberg.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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