Infoblox to launch $2.15 billion of term loans on Thursday

By Sara Rosenberg

New York, April 17 – Infoblox Inc. (Delta Topco Inc.) is scheduled to hold a lender call at noon ET on Thursday to launch $2.145 billion of term loans, according to a market source.

Morgan Stanley Senior Funding Inc. is left lead arranger on the deal.

The debt is split between a $1.69 billion senior secured first-lien term loan B and a $455 million second-lien term loan, the source said.

Proceeds will be used to refinance the company’s existing credit facilities and to fund a distribution to ownership.

Infoblox is a Santa Clara, Calif.-based provider of cloud networking and security services.

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