The high-yield notes are due 2033

Davis Polk advised the representative of the initial purchasers, on a Rule 144A / Regulation S offering by Cloud Software Group, Inc. of $1 billion aggregate principal amount of its 6.625% senior secured notes due 2033. Cloud Software used the net proceeds from the offering to prepay outstanding obligations under its term loan B-1 facility and for general corporate purposes.

Cloud Software Group provides the modern enterprise with mission-critical software. Composed of TIBCO, Citrix, NetScaler and other business units, Cloud Software Group helps more than 100 million users around the globe evolve, compete and succeed across private, public, managed and sovereign cloud environments. Cloud Software Group was created after Vista Equity Partners and Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., acquired Citrix and combined it with TIBCO.

The Davis Polk capital markets team included partners John B. Meade and Hillary A. Coleman and associates Sierra M. Acosta and Robb Dehney. The finance team included partner Jason Kyrwood, counsel Demian von Poelnitz and associate Jonathan Morford. Partner David R. Bauer and associate Shreya R. Kundur provided intellectual property advice. Partner Corey M. Goodman provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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