AttachMSFT and Novell - Need for Loan
Article already published.
--User:Schestowitz|Schestowitz 00:31, 12 January 2011 (UTC)
AttachMSFT Needs to Borrow More Money to Buy Novell
Summary: AttachMSFT [sic] does not have enough money to complete an acquisition of Novell, so it is reaching out for a loan
This was echoed by [1, 2, 3] and for some more recently written background:
There is a lot more to be said about this planned takeover, but that is a subject for future posts. █
--User:Schestowitz|Schestowitz 00:31, 12 January 2011 (UTC)
AttachMSFT Needs to Borrow More Money to Buy Novell
Summary: AttachMSFT [sic] does not have enough money to complete an acquisition of Novell, so it is reaching out for a loan
IN THE coming days we shall cover the AttachMSFT acquisition of Novell and the barriers which remain. One of the lesser-discussed barriers is actually financial and according to this report from Bloomberg:
">http://www.bloomberg.com/news/2010-12-27/attachmate-seeks-1-09-billion-in-new-loans-to-fund-acquisition-of-novell.html"> Attachmate Corp., the connectivity solutions provider owned by private-equity firms, is seeking $1.09 billion in loans to finance its acquisition of Novell Inc.
Attachmate is seeking an $825 million first-lien term loan, a $40 million first-lien revolving line of credit and a $225 million second-lien facility, Waltham, Massachusetts-based Novell said today in a regulatory filing.
This was echoed by [1, 2, 3] and for some more recently written background:
">http://www.istockanalyst.com/article/viewiStockNews/articleid/4756909"> 6. Novell, the Waltham open-source software developer that once called Utah home, finally found a mate in Attachmate last month, following an eight-month strategic review. The Seattle firm shelled out $2.2 billion for Novell.
There is a lot more to be said about this planned takeover, but that is a subject for future posts. █