Private Credit Firms Lend $1.6 Billion to Fund SailPoint Deal

Marks the latest big loan for a software-company buyout
Thoma Bravo agreed to buy SailPoint for $6.9 billion

Sailpoint Technologies signage outside the New York Stock Exchange.Photographer: Michael Nagle/Bloomberg

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By David Brooke and Rachel McGovern

April 12, 2022 at 6:42 PM UTC

This article is for subscribers only.

A group of direct lenders have provided $1.6 billion of debt financing for private-equity firm Thoma Bravo’s acquisition of SailPoint Technologies Holdings Inc., according to people familiar with the matter.

The funding from Golub Capital, Owl Rock Capital and Blackstone Credit marks the latest $1 billion-plus loan deal for the leveraged buyout of a software company.