Kofax to launch $1.03 billion and €300 million term loans on Monday

By Sara Rosenberg

New York, June 3 – Kofax is scheduled to hold a lender call at 10:30 a.m. ET on Monday to launch a $1.025 billion seven-year first-lien term loan B (B2/B/BB-) and a €300 million seven-year first-lien term loan B (B2/B/BB-), according to a market source.

JPMorgan Chase Bank, Credit Suisse, UBS Securities, Jefferies LLC, Blackstone Credit, PSP Investments, Wells Fargo Securities LLC, Antares Capital, Security Benefit, BMO Capital Markets, Goldman Sachs, KKR Capital Markets, Stone Point Capital and Brinley Partners LP are the lead arrangers on the deal.

Commitments are due at the end of the day on June 14, the source added.

The company is also getting a $348 million privately placed second-lien term loan (Caa2/CCC+/CCC+).

Proceeds will be used to help fund the buyout of the company by Clearlake Capital Group LP and TA Associates from Thoma Bravo.

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

Kofax is an Irvine, Calif.-based provider of intelligent automation software to facilitate digital workflow transformations.

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