Cloud Software Group has disclosed on its private data site that it split Citrix and TIBCO into two entities, according to 9fin sources.
CSG was created by Vista Equity Partners and Elliot Investment Management’s tech investing arm Evergreen Coast Capital through the 2022 merger of Citrix and TIBCO Software.
The company indicated that the reorganization is permitted under its credit agreement, one of the sources said.
CSG’s euro TLB due 2032 was quoted at 98 on Thursday (11 June), half a point down versus the day prior, according to 9fin data. Its dollar TLB due 2031 stood at 90.5, down from 92.17 in the same time period. Both the dollar TLB due 2032 and SSNs due 2033 were quoted at roughly 1.5 points down to 90 and 89.85, respectively.
Both Citrix and TIBCO provide a range of enterprise software products.
CSG is among the tech-focused leveraged issuers whose debt trading levels were impacted by a market-wide selloff in 2026 tied to the possibility of generative AI-disruption. 9fin reported in March that its first earning figures for 2026 guided for year-over-year declines in revenue and adjusted EBITDA. It also faced renewed short pressure after Anthropic unveiled Mythos Preview in early April.
Separately, the company announced today (11 June) that it is joining Project Glasswing, Anthropic’s initiative to secure “the world’s most critical software infrastructure”. This will give CSG access to Mythos Preview to build on its existing security program.
Spokespeople for CSG, Vista and Elliott did not respond to requests for comment.
