Carlyle-Backed Veritas Nears $4 Billion Debt Deal With Creditors

Carlyle Group Inc.-backed Veritas US Inc. is closing in on a deal to restructure $4 billion of debt it owes next year, according to people familiar with the situation.

The software company has agreed to terms with a group of lenders, and is now seeking an agreement with other creditors, said the people, who asked not to be identified because the discussions are private.

The overhaul would end months of talks between the company and creditors over how to use the $3.6 billion it got from the sale of its data protection business to Cohesity Inc. to deal with ...