Upbeat Credit Markets Let Banks Chip Further Away at Citrix Debt

The banks that underwrote the buyout of Citrix Systems Inc. have managed to sell another small chunk of the massive debt financing they were left saddled with last year.

A group of lenders led by Bank of America Corp. priced a €250 million ($270 million) term loan B on Friday afternoon, with the proceeds going toward paying down a further instalment on the original $2.5 billion term loan A the banks had on their balance sheets last year. Other banks on the deal include Credit Suisse Group AG and Goldman Sachs Group Inc.

It’s the latest indication of how ...