Software company Vitera Healthcare Solutions canceled a $365 million loan slated to fund its acquisition of SuccessEHS Holdings and refinance debt, sources told Thomson Reuters LPC. Vitera, a portfolio company of Vista Equity Partners, will opt instead to finance the approximately $100 million acquisition with equity.The first- and second-lien debt financing garnered more than enough lender commitments during syndication after sweetening pricing guidance and revising the structure.Despite the loan being oversubscribed, sponsor Vista decided to hold off on inking a refinancing package until it could get more attractive terms, said sources. There are currently no looming debt maturities.More time will also allow for the company's numbers to reflect certain strategic initiatives, sources noted.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.75% or $0.57/share to $33.21. In the past year, the shares have traded as low as $26.71 and as high as $35.40. On average, 1081660 shares of TRI exchange hands on a given day and today's volume is recorded at 714779.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.36% or $0.47/share to $34.97. In the past year, the shares have traded as low as $26.65 and as high as $36.75. On average, 1054450 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 541358.
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