Goldman Sachs Leads $1.6 Billion Debt Deal for Proofpoint

Goldman Sachs Group Inc. is leading a roughly $1.6 billion debt deal for Proofpoint Inc. that will in part fund the cybersecurity firm’s acquisition of Hornetsecurity, according to people familiar with the matter.

The package includes a mix of debt that banks plan to syndicate to investors, as well as direct loans, said the people, who were not authorized to speak publicly.

There are two portions: a $444 million first-lien broadly syndicated term loan and a $1.2 billion second-lien private credit tranche also led by Goldman that would involve other funds, one of the people said. The proceeds will ...