Thoma Bravo Looks to Sell Down $525 Million SolarWinds Debt (1)

Thoma Bravo is looking to sell a portion of a $525 million second-lien loan it provided last month to support the leveraged buyout of SolarWinds, according to people familiar with the matter.

The investment firm had assumed the risky debt in part to facilitate Turn/River Capital’s buyout of the IT software company, which Thoma Bravo previously controlled alongside Silver Lake, said the people, who asked not to be identified discussing confidential information.

Selling the debt would allow Thoma Bravo, which currently owns a majority of the loan, to reduce its exposure to SolarWinds while bringing some of its ...