CTXS - Citrix Systems ticks higher on report about debt financing for take private
- Citrix Systems ( NASDAQ: CTXS ) ticked up 0.5% after a report that Bank of America expects to starts talks Monday on efforts to sell parts of $15 billion in debt financing for a takeover of Citrix.
- The preliminary talks are likely to focus on the secured part of the financing ahead of official sales, which may start after Labor Day holiday early next month, according to a Bloomberg report.
- Banks are expected to keep some of the secured debt and about $4B of unsecured, according to the report.
- Bloomberg last month reported that the $15 billion debt sale associated with Citrix's sale to Vista Equity and Elliott Management, had been delayed until after the U.S. Labor Day holiday due to volatile markets.
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Citrix Systems ticks higher on report about debt financing for take private