DocuSign Buyout Attempt Gives Battered Tech Debt Market a Boost

A multi-billion dollar buyout attempt of DocuSign Inc. is giving the battered market for tech debt a fresh boost.

Private equity firms Bain Capital and Hellman & Friedman are competing to snap up the electronic signature platform, and already direct lenders and banks are vyingto fund the deal with a debt package totaling as much as $8 billion. Bets on a broader resurgence of tech mergers and acquisitions are now driving up bond prices in the sector.

DocuSign was one of a number of pandemic darlings that issued convertible bonds, debt that converts into shares upon maturity, as ...