Vista, Elliott Line Up $16 Billion Debt Package for Citrix Deal

A group of 10 banks led by Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc. have agreed to provide $16 billion of debt commitments to finance Vista Equity Partners and Elliott Investment Management’s take-private deal of Citrix Systems Inc.

The debt financing for the deal, which will combine Citrix with Vista’s portfolio company Tibco Software, includes a $7.05 billion term loan, a $4 billion secured bridge loan, a $3.95 billion unsecured bridge loan and a $1 billion revolving credit facility, according to a filing Monday. Bridge loans are typically replaced with bonds for permanent ...