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Informatica shops amendment to transition term loan to SOFR
By Sara Rosenberg
New York, May 31 – Informatica LLC is seeking a negative consent amendment to move its term loan due 2028 to SOFR from Libor and add 10 basis points CSA, according to a market source.
JPMorgan Chase Bank is the lead on the deal.
The amendment deadline is Tuesday, the source added.
Informatica is a Redwood City, Calif.-based provider of enterprise cloud data management software and services.
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