World Trade Correspondent, Geneva
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Nov 26, 2014

Highly leveraged Tibco loan succumbs to investor demands

NEW YORK, Nov 26 (Reuters) – A high-profile $2.02 billion
leveraged loan for Tibco Software is the latest US
buyout deal that has been forced to add expensive perks to
attract buyers as risk-averse investors hold out for better
terms amid a market correction.

Tibco increased its loans by $70 million to finance a deeper
discount. The company also increased the interest margin on the
loan and made other concessions designed to tempt investors into
the deal, bankers said.

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    • About Jonathan

      "I write about world trade for Reuters and also lead our Geneva bureau covering international organisations based in Geneva. I spent many years in Eastern Europe, both before the Berlin Wall came down, and after 1989, when I covered the economic transition of the region. I also worked in Moscow from 1994 to 1998, where I set up Reuters domestic service for Russia and the CIS, and ran news operations in the Nordic and Baltic countries from 1998 to 2002 and Southeast Asia from 2002 to 2007."
      Joined Reuters:
      1978
      Languages:
      English, German, French
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