Golub Capital is leading an effort to refinance the debt of software firm Optimizely Inc. with a new $1.1 billion facility that would stay in place if the company gets sold, according to people with knowledge of the matter.
The private deal for the Insight Partners-owned firm is expected to be covenant-lite, meaning the offering has fewer restrictions on the borrower, said the people, asking not to be named discussing a private transaction. Pricing is being discussed at around 5 percentage points over the Secured Overnight Financing Rate and at a discounted price of 99 cents on the dollar, ...
