RSA readies launch of $1 billion first-lien term loan for Wednesday

By Sara Rosenberg

New York, June 12 – RSA is scheduled to hold a lender call at 11 a.m. ET on Wednesday to launch its proposed $1 billion seven-year covenant-lite first-lien term loan, according to a market source.

The company’s $1.425 billion of credit facilities also include a $75 million revolver and a $350 million pre-placed second-lien term loan.

UBS Investment Bank, Jefferies LLC, Barclays and Deutsche Bank Securities Inc. provided the debt commitment.

Proceeds will be used to help fund the buyout of the company by a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners from Dell Technologies for $2.075 billion.

RSA is a provider of digital risk solutions, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

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