Citrix Bonds Gain on Preliminary Earnings Report After LBO

Bonds for the newly-combined Citrix Systems Inc. and Tibco Software gained on Thursday following a preliminary earnings report, according to people with knowledge of the matter.

In its first combined financials released to investors since Citrix was taken private last year, the company, now called Cloud Software Group, reported adjusted cash earnings before interest, taxes, depreciation and amortization of about $1.8 billion for the 12 months ending on Nov. 30, the people said. That’s up 13% compared to the numbers used in the September debt marketing process, said the people, who asked not to be named discussing private information. ...