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Proposed term loan refinancing

10 Jan 2022 08:22

RNS Number : 9133X
Micro Focus International plc
10 January 2022
 

10 January 2022

 

 

Micro Focus International plc

Proposed term loan refinancing

 

Micro Focus International plc ("Micro Focus" or the "Company") today announces the launch of a $1.6bn-equivalent Senior Secured Term Loan B refinancing (the "Transaction").

The proceeds of the offering will be used to refinance a portion of its existing Senior Secured Term Loan B facilities due June 2024 and pay fees and expenses in connection with the Transaction. Upon completion, the Transaction will replace the existing Senior Secured Term Loan B Euro facility due June 2024 as well as partially refinance the existing Senior Secured Term Loan B USD facility due June 2024 with new 5-year Senior Secured Term Loan B facilities.

The Company will raise a combination of Euro and US dollar dominated Term Loans with a minimum intended tranche size of €442m in Euros and $1,100m in US dollars. The initial price talk for the new facilities is anticipated to be between 4.00%-4.25% above EURIBOR (subject to a 0% floor) at an original issue discount of 0.5% on the Euro denominated tranche, and between 3.75%-4.00% above SOFR and CSA (subject to a 0.5% floor) at an original issue discount of 1.0% on the US Dollar denominated tranche.

An update will follow in due course.

 

 

Enquiries:

Micro Focus Tel: +44 (0)1635 32646

Stephen Murdoch, CEO Investors@microfocus.com

Matt Ashley, CFO

Ben Donnelly, Investor relations

 

 

Brunswick Tel: +44 (0) 20 7404 5959

Sarah West MicroFocus@brunswickgroup.com

Jonathan Glass

 

 

 

Notes to Editors:

About Micro Focus

Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com

 

 

 

 

 

 

 

 

 

 

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Date   Source Headline
3rd Jan 20237:00 amRNSForm 8.3 - Micro Focus International Plc
30th Dec 20221:25 pmBUSForm 8.3 - Micro Focus International plc
30th Dec 20221:20 pmRNSForm 8.3 - Micro Focus International plc
30th Dec 202212:58 pmBUSForm 8.3 - Micro Focus International plc
30th Dec 202212:29 pmEQSForm 8.3 - The Vanguard Group, Inc.: Micro Focus International plc
30th Dec 202211:59 amRNSForm 8.3 - Micro Focus International plc
30th Dec 202211:40 amRNSForm 8.3 - Micro Focus International plc
30th Dec 202211:32 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUS INTERNATIONAL PLC
30th Dec 202211:32 amRNSForm 8.5(EPT/NON-RI) MICRO FOCUS INTERNATIONAL PLC
30th Dec 202211:23 amRNSForm 8.5 (EPT/NON-RI)Micro Focus International Plc
30th Dec 202210:57 amRNSForm 8.5 (EPT/RI)
30th Dec 202210:24 amRNSForm 8.5 (EPT/RI)
30th Dec 20228:36 amRNSForm 8.3 - Micro Focus International plc
29th Dec 20224:14 pmRNSHolding(s) in Company
29th Dec 20223:25 pmBUSForm 8.3 - Micro Focus International plc
29th Dec 20223:20 pmRNSForm 8.3 -Micro Focus International plc
29th Dec 20222:24 pmRNSForm 8.3 - Micro Focus International plc
29th Dec 202212:26 pmRNSForm 8.3 - Micro Focus International plc
29th Dec 202210:54 amRNSForm 8.5 (EPT/RI)
29th Dec 202210:17 amRNSForm 8.5 (EPT/RI)
29th Dec 20229:57 amRNSForm 8.5 (EPT/NON-RI)Micro Focus International Plc
29th Dec 20229:09 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUS INTERNATIONAL PLC
29th Dec 20229:09 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUS INTERNATIONAL PLC
29th Dec 20229:07 amRNSForm 8.3 - Micro Focus International plc
29th Dec 20227:00 amRNSForm 8.3 - Micro Focus Int plc (Replacement)
28th Dec 20223:29 pmRNSHolding(s) in Company
28th Dec 20223:25 pmBUSForm 8.3 - Micro Focus International plc
28th Dec 202211:23 amRNSNotification of major holdings
28th Dec 202211:15 amRNSForm 8.5 (EPT/NON-RI)Micro Focus International Plc
28th Dec 202210:38 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUS INTERNATIONAL PLC
28th Dec 202210:19 amRNSForm 8.3 - Micro Focus International Plc
28th Dec 20229:01 amRNSForm 8.3 - Micro Focus International plc
28th Dec 20228:42 amRNSForm 8.5 (EPT/NON-RI) MICRO FOCUS INTERNATIONALPLC
28th Dec 20228:41 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUS INTERNATIONAL PLC
28th Dec 20227:00 amRNSForm 8.5 (EPT/RI)
28th Dec 20227:00 amRNSForm 8.5 (EPT/RI)
28th Dec 20227:00 amRNSForm 8.5 (EPT/NON-RI)MICRO FOCUSINTERNATIONALAmend
28th Dec 20227:00 amRNSForm 8.3 - Micro Focus International plc
28th Dec 20227:00 amBUSForm 8.3 - Micro Focus International plc
27th Dec 20222:16 pmEQSForm 8.3 - The Vanguard Group, Inc.: Micro Focus International plc
23rd Dec 20221:29 pmEQSForm 8.3 - The Vanguard Group, Inc.: Micro Focus International plc
23rd Dec 20221:20 pmRNSForm 8.3 - Micro Focus International plc
23rd Dec 202212:12 pmBUSForm 8.3 - Micro Focus International plc
23rd Dec 202211:47 amRNSForm 8.3 - Micro Focus International plc
23rd Dec 202210:55 amRNSForm 8.5 (EPT/RI)
23rd Dec 202210:41 amRNSForm 8.5 (EPT/RI)
23rd Dec 20228:53 amRNSForm 8.5 (EPT/NON-RI) MICRO FOCUS BCSL
23rd Dec 20228:52 amRNSForm 8.5 (EPT/NON-RI) MICRO FOCUS BCI
23rd Dec 20228:11 amRNSForm 8.5 (EPT/NON-RI)Micro Focus International Plc
23rd Dec 20227:00 amRNSSatisfaction of Regulatory Conditions & Timetable
34567891011

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