Clearlake Swaps DigiCert Loan With $2.4 Billion in Private Debt

Clearlake Capital-backed DigiCert Inc. is refinancing part of its existing syndicated debt with roughly $2.4 billion in private credit financing, according to people with knowledge of the matter.

The new deal for the software company consists of a $2.2 billion term loan led by HPS Investment Partnersand Ares Management Corp., said the people, who asked not to be identified discussing a private transaction. The financing also includes a $160 million revolver, one of the people said.

Other lenders could be added to the loan later, the people said. Existing creditors will be repaid at face value and ...