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Private-Credit Borrower

Flexera Software, LLC

How each BDC lender prices its exposure to this borrower, from the latest SEC Schedule-of-Investments filings.

9
BDC Lenders
19
Debt Positions

Lenders

Flexera Software, LLC is held by 9 BDC lenders in our parsed SEC filings: AGTC, ARCC, BXSL, CGBD, FSK, GBDC, MSDL, OBDC, PSBD.

Cross-lender loan pricing

Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public). Rows marked stale are from an earlier filing than the lender’s latest — the borrower is absent from its newest filing (exited, repaid, or reported under a different name).

BDCTypeRateSpread (bps)Mark (% of par)Fair ValueMaturityFiling
AGTC1L Sr SecuredSOFR45098.0$8M2032-082026-05-12
AGTC1L Sr SecuredSOFR45098.0$109M2032-082026-05-12
ARCC1L Sr SecuredSOFR45098.5$7M2032-082026-04-28
ARCC1L Sr SecuredSOFR45097.8$18M2032-082026-04-28
ARCC1L Sr SecuredSOFR45098.0$118M2032-082026-04-28
BXSL1L Sr SecuredSOFR45099.7$32M2032-08-162026-05-07
BXSL1L Sr SecuredSOFR450—$11M2032-08-162026-05-07
FSK1L Sr SecuredPIK45096.6$59M2032-082026-05-11
FSK1L Sr SecuredSOFR45095.4$6M2032-082026-05-11
GBDC1L Sr SecuredSOFR45098.0$479K2032-082026-05-04
GBDC1L Sr SecuredSOFR45098.0$490K2032-082026-05-04
GBDC1L Sr SecuredSOFR45098.0$1M2032-082026-05-04
OBDC1L Sr SecuredSOFR45097.5$17M2032-082026-05-06
PSBD1L Sr SecuredSOFR45097.5$7M2032-08-162026-05-06
GBDC1L Sr SecuredFIXED——-$2K2032-082026-05-04
OBDC1L Sr Secured——-$34K2032-082026-05-06
MSDL2L / MezzSOFR700100.0$14M2029-03-032024-05-09 stale
CGBD1L Sr SecuredSOFR45099.7$8M2032-08-152026-02-24 stale
CGBD1L Sr SecuredSOFR450—$2M2032-08-152026-02-24 stale

Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.

Ownership & deal activity

Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.

  • lboThoma Bravo acquires majority stake in Flexera Software for second time at ~$2.85BFlexera agreed on December 3, 2020 to sell a majority interest to Thoma Bravo for approximately $2.85 billion, with existing shareholders TA Associates and Ontario Teachers' Pension Plan retaining meaningful stakes.2020-12-03 · $2.9B · per flexera.com
  • spinoffThoma Cressey Bravo acquires Macrovision Software Business Unit, forms Acresso Software (later Flexera Software LLC)Thoma Cressey Bravo completed the acquisition of Macrovision's software division for ~$200 million via asset purchase, carving it out as a standalone entity named Acresso Software (later rebranded Flexera Software).2008-04-01 · $200M · per sec.gov
  • minority investmentTA Associates acquires equity stake in Flexera alongside Ontario Teachers' Pension PlanTA Associates announced on December 19, 2017 (closing February 2018) an investment in Flexera by acquiring equity from existing investors, partnering with lead investor Ontario Teachers' Pension Plan to continue growing the company; terms were not disclosed.per globenewswire.com
  • refinancingKKR leads ~$3B private credit refinancing of Flexera SoftwareKKR's credit division anchored a ~$3 billion private credit package for Flexera (comprising a $2.03B term loan, a €590M euro tranche, and a $150M revolver) to refinance an existing $1.95B syndicated loan and add incremental debt, with proceeds also used for a shareholder dividend.$3.0B · per finance.yahoo.com
No acquisition, ownership-change, or refinancing headlines for Flexera Software, LLC are in our verified news index yet. Most BDC borrowers are private companies, so ownership events are not always public; absence reflects our indexing coverage, not the borrower’s deal activity.

Headlines mentioning Flexera Software, LLC

We haven’t indexed any headlines that name Flexera Software, LLC. That reflects our news-indexing coverage — not the borrower’s activity — so the absence is not a signal.

Reading this table

When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).

Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.