Informatica launches U.S. and euro term loans to investors

By Sara Rosenberg

New York, Oct. 6 – Informatica LLC held a lender call at 2 p.m. ET on Wednesday to launch a $1.425 billion first-lien term loan (B1/BB-) and a €387 million first-lien term loan (B1/BB-), according to a market source.

Price talk on the U.S. term loan is Libor plus 300 basis points with a 0% Libor floor and an original issue discount of 99.5 to 99.75, and price talk on the euro term loan is Euribor plus 325 bps with a 0% floor and a discount of 99.75 to par, the source said.

The term loans have 101 soft call protection for six months.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due on Oct. 13, the source added.

Proceeds will be used with funds from an initial public offering of class A common stock to refinance existing debt.

The company also plans to get a $250 million amended revolving credit facility (B1/BB-).

Informatica is a Redwood City, Calif.-based provider of enterprise cloud data management software and services.

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