Tritech/Superion/Aptean to launch $1.02 billion facilities on Tuesday

By Sara Rosenberg

New York, July 26 – Tritech Software Systems Inc./Superion LLC/Aptean Software LLC is scheduled to hold a bank meeting in New York on Tuesday to launch $1.02 billion of first-lien credit facilities, according to a market source.

Antares Capital, Macquarie Capital (USA) Inc. and SunTrust Robinson Humphrey Inc. are the leads on the deal.

The facilities consist of a $125 million five-year revolver and an $895 million seven-year covenant-light first-lien term loan, the source said.

The company is also getting a $380 million eight-year second-lien term loan that has been privately placed.

Proceeds will be used to help fund the merger of Tritech, which is currently owned by Bain Capital Private Equity, with Superion and Aptean, which are both owned by Vista Equity Partners.

The combined company, jointly owned by Bain Capital and Vista Equity, will be a software provider to municipalities and public safety agencies.

Closing is expected in the third quarter, subject to customary conditions.

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