Software Firm Planview Pitches Private Credit to Refinance Debt

Software firm Planview Inc. has reached out to private credit firms to help it address debt maturing next year, according to people familiar with the situation.

Increased competition due the proliferation of artificial intelligence powered tools and high leverage have raised concerns about the company’s ability to refinance its debt obligations in the public market, said the people familiar, who asked not to be identified discussing a private matter.

The TPG Capital and TA Associates-owned firm has a more than $1.5 billion of debt outstanding, with the bulk of it, including a term loan and a revolving credit facility, ...