Morgan Stanley Pitching $4 Billion Debt for IT Company Kaseya
Summary
Morgan Stanley is marketing nearly $4 billion in leveraged loans for Kaseya to refinance the company’s private debt. The package includes a roughly $3 billion first-lien loan and just under $1 billion in second-lien debt. Lenders are discussing pricing in the low-to-mid single digits above benchmark rates. The story highlights capital markets activity around a software vendor rather than an operating product or company event.
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IT Management Software
Endpoint Management
Backup & Recovery
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Kaseya
$100M to $250M