Clearlake’s Ivanti Closes Deal to Extend Maturities, Raise Cash

Clearlake Capital-backed software firm Ivanti said it’s closed a deal to extend debt maturities to 2029 and raise $350 million in new capital.

• The transaction was open to all holders of its first- and second-lien term loans, Ivanti said in an emailed statement Friday
  • The deal will allow the company to bolster liquidity and support “key strategic initiatives”
  • From April 22, Clearlake-Backed Ivanti Reaches Debt Deal With Some Lenders
• The firm had about $3 billion of outstanding debt, with maturities ranging from 2025 to 2028, according to Bloomberg-compiled data
• NOTE: Ivanti is also backed by Charlesbank Capital Partners and TA ...