CTXS - Citrix ticks higher on report banks said to start Citrix loan sale for its takeover
- A group of banks are said to have started a $4.5 billion loan sale for the takeover of Citrix Systems ( NASDAQ: CTXS ). Citrix ticked up 0.3% in premarket trading.
- The deal is said to include a $4.05 billion loan and $500 million-equivalent euro loan, according to traders, who cited a Bloomberg report.
- Bloomberg in July 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.
- M&A investors have been concerned in recent months on leveraged buyouts due to stock market volatility, especially after tech PE firm Thoma Bravo reduced its takeout price for Anapla n earlier this eyar.
- Citrix ( CTXS ) agreed in January to a $ 16.5 billion sale to Vista Equity and Elliott Management.
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Citrix ticks higher on report banks said to start Citrix loan sale for its takeover