Thoma Bravo Lines Up $2 Billion Financing for Darktrace Buyout

April 26, 2024, 12:27 PM UTC

Private equity firm Thoma Bravo is backing its acquisition of UK cybersecurity company Darktrace Plc with a debt package of over $2 billion.

The interim financing will be split into a first lien term facility of $1.7 billion, and a $460 million second lien, according to a release from Thoma Bravo. Goldman Sachs Group Inc. is the interim agent on the facilities.

Spokespeople for Thoma Bravo and Goldman Sachs didn’t immediately respond to requests for further information about the debt. A representative for Darktrace declined to comment.

The private equity firm is acquiring Darktrace for an equity value of about ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.