We advised the agent, lender and investor on the transaction

Davis Polk advised the administrative agent, collateral agent and lender in connection with certain amendments to a subscription software company’s $137.3 million senior secured term facility, $40 million senior secured revolving credit facility and $474.3 million senior secured delayed draw term facility, including a two-year maturity extension and the establishment of a new $20 million first-in last-out senior secured term facility. We also advised the investor in negotiating a significant amendment to the company’s preferred equity financing as part of the transaction.

The Davis Polk finance team included partners Nicholas A. Palumbo and Ruben N. Henriquez, counsel Randall (Randy) Dorf and associate Lola Shavkat. Partner Ethan R. Goldman provided tax advice. All members of the Davis Polk team are based in the New York office.

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