The high-yield notes are due 2029

Davis Polk advised the representative of the initial purchasers on a Rule 144A / Regulation S offering by Cloud Software Group, Inc. of $3,837,622,000 aggregate principal amount of its 9.00% senior secured second-lien notes due 2029. Cloud Software used the net proceeds from the offering to fully repurchase or prepay outstanding obligations under its bridge credit facility.

Cloud Software is a leading provider of mission-critical solutions to enterprise organizations around the world. Cloud Software was created by the combination of Citrix and TIBCO, two leading global enterprise-focused software businesses.

The Davis Polk capital markets team included partner John B. Meade, counsel Hillary A. Coleman and associates Meaghan Kennedy and Soo Kyung Chae. The finance team included partners Jason Kyrwood and Meyer C. Dworkin and associates Bernard Tsepelman and Matthew Vallade. Partner Michael Farber and associate Yixuan Long provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.