We advised the lenders on the transaction

Davis Polk advised the lenders in connection with the refinancing of an existing first-lien credit facility of the borrower, a developer and supplier of public safety and public administration software portfolio company. The refinancing consisted of a $1.1 billion senior secured term loan facility and a $125 million senior secured revolving credit facility. Davis Polk also advised the purchaser in connection with a $320 million preferred equity issuance by the borrower.

The Davis Polk finance team included partners Jason Kyrwood, David J. Kennedy and Zachary R. Frimet, counsel Matthew J. Wiener and associates Samuel Dilthey and Renee G. Levin. Partner Patrick E. Sigmon and associate Michael Hsieh provided tax advice. Partner David R. Bauer provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices. 

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