The Houston-headquartered software company has launched $750m in PIK toggle notesto pay a dividend to its owners, according to IFT.
BMC was acquired by a consortium led by Bain and Golden State in a deal that valued the company at $6.9bn in September last year. A consortium of KKR, TPG Capital and Thoma Bravo also participated in the auction.
The company’s other backers include GIC, Insight Venture Partners and Elliot Associates.
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