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Conga readies launch of $565 million term loan for Thursday
By Sara Rosenberg
New York, March 17 – Conga (Apttus Corp.) will hold a lender call at 11 a.m. ET on Thursday to launch a $565 million seven-year covenant-lite first-lien term loan, according to a market source.
Deutsche Bank Securities Inc. is the left bookrunner on the deal.
The term loan has 101 soft call protection for six months, the source said.
Commitments are due at 5 p.m. ET on March 30.
Proceeds will be used to repay $565 million of existing borrowings.
Conga is a provider of a cloud-based software platform that digitally transforms revenue operations.
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