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Validity pivots to private credit as volatility hits

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Validity pivots to private credit as volatility hits

Shubham Saharan's avatar
David Brooke's avatar
Peter Benson's avatar
  1. Shubham Saharan
  2. +David Brooke
  3. + 1 more
•1 min read

Sales and marketing software provider Validity has turned to direct lenders to finance its acquisition of Litmus, according to 9fin sources.

Private credit lenders are providing around $500m in debt to the company priced in the region of SOFR+500bps at a 98.5-99 OID, the sources said. Direct lenders participating in the financing include Antares and Churchill.

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