'Thoma Bravo Weighs $1B Private Credit Loan For Nextgen Acquisition; Debt Would Replace Equity; Not Required For Takeover To Close; Thoma Bravo Often Uses Private Credit To Help Fund Its Buyouts' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Private equity firm Thoma Bravo is considering a $1 billion private credit loan to fund its acquisition of NextGen Healthcare Inc. The debt financing would reduce the amount of equity Thoma Bravo needs to put up for the acquisition, but is not required for the takeover to close.
September 08, 2023 | 8:25 pm
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NextGen Healthcare's acquisition by Thoma Bravo could be partially funded by a $1 billion private credit loan. This would not affect the completion of the takeover.
The news of Thoma Bravo considering a $1 billion private credit loan to fund its acquisition of NextGen Healthcare does not directly impact the stock price of NXGN in the short term. The acquisition is not dependent on this loan, and thus, the completion of the takeover is not at risk. However, it does indicate Thoma Bravo's confidence in the acquisition and its strategic planning.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100