“Thomas Bravo led the deal. The purchase price was $12.3 billion… financed with $4.6 billion in the syndicated first lien loan… 37% of the purchase price was funded with debt.”
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Said on The Real Eisman Playbook
The Real Eisman Playbook · Why Private Equity's Software Bet Is Going to Zero | The Weekly Wrap
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acquire Citrix for $16.5 billion using $8.55 billion of syndicated bank loans and junk bonds (52% debt)
$16.5 billion purchase; $8.55 billion debt (52%)
“Thomas Bravo led the deal. The purchase price was $12.3 billion… financed with $4.6 billion in the syndicated first lien loan… 37% of the purchase price was funded with debt.”
“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
“Kingdom Holding later acquiring over a $1 billion stake in XAI… By the end of 2024, XAI's valuation had risen from about $25 billion to $45 billion.”
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