BMC Software Kicks Off $6.6 Billion Loan Refinancing Package (1)

Banks led by Goldman Sachs Group Inc.have launched one of the largest leveraged loan deals this year to refinance BMC Software’s upcoming maturities.

The technology company owned by KKR & Co. is marketing $6.6 billionworth of leveraged loans, according to a person familiar with the matter. The debt package includes a seven-year $3.95 billion first-lien loan, a seven-year euro-denominated first-lien loan equivalent to $1.95 billion and an eight-year $750 million second-lien loan, said the person, who declined to be identified because the details are private.

Initial pricing discussions for the first-lien loan are for a margin of ...