Clearlake-Backed Quest Software in Talks for New Loan, Debt Swap

Clearlake Capital-backed Quest Software is nearing a deal with some of its lenders to inject the firm with fresh cash, according to people with knowledge of the situation.

• The proposal also includes a below-par debt exchange, said the people, who asked not to be identified discussing a private matter
  • Quest is working with PJT Partners and Kirkland & Ellis, while lenders have retained Houlihan Lokeyand Gibson Dunn & Crutcher
• Representatives with Clearlake, PJT and Houlihan declined to comment, while messages left with Kirkland, Quest and Gibson Dunn were not returned
• NOTE: Quest’s debt climbed to over $3.5 ...