Hyland Software, Inc.
Hyland Software builds enterprise content management (ECM) and business-process automation software, best known for its OnBase platform that lets organizations capture, store, and route documents and automate paperwork-heavy workflows. It serves industries such as healthcare, government, insurance, and financial services. The company is privately held and backed by private-equity firm Thoma Bravo.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
Hyland Software, Inc. is held by 6 BDC lenders in our parsed SEC filings: AGTC, ARCC, GBDC, MSDL, OBDC, OBDE.
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).
| BDC | Type | Rate | Spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| AGTC | 1L Sr Secured | SOFR | 500 | 100.0 | $25M | 2030-09 | 2026-05-12 |
| ARCC | 1L Sr Secured | SOFR | 500 | 100.0 | $109M | 2030-09 | 2026-04-28 |
| GBDC | 1L Sr Secured | SOFR | 500 | 97.0 | $45M | 2030-09 | 2026-05-04 |
| MSDL | 1L Sr Secured | SOFR | 500 | — | -$2K | 2029-09-19 | 2026-05-07 |
| MSDL | 1L Sr Secured | SOFR | 500 | 99.9 | $36M | 2030-09-19 | 2026-05-07 |
| OBDC | 1L Sr Secured | SOFR | 500 | 97.0 | $64M | 2030-09 | 2026-05-06 |
| OBDE | 1L Sr Secured | SOFR | 500 | 97.0 | $2M | 2030-09 | 2026-05-08 |
| GBDC | 1L Sr Secured | FIXED | — | — | -$4K | 2029-09 | 2026-05-04 |
| OBDC | 1L Sr Secured | — | — | -$96K | 2029-09 | 2026-05-06 |
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.
- acquisitionHyland Software acquires Perceptive Software from Lexmark InternationalHyland finalized its acquisition of the Perceptive Software business unit from Lexmark International (facilitated by Thoma Bravo's broader ~$1.5B purchase of Lexmark Enterprise Software), adding 700+ employees and 5,000+ customers; deal terms for the Perceptive portion were not disclosed.
- lboThoma Cressey Bravo acquires 58% majority stake in Hyland SoftwarePrivate equity firm Thoma Cressey Bravo acquired a 58% majority stake in Hyland Software for $265 million (including $150 million in equity), with management retaining roughly 20% ownership.
- recapitalizationThoma Bravo transfers Hyland to new fund with ~$900M recapitalizationThoma Bravo moved Hyland from its original 2007 fund into a newer fund, injecting ~$715 million in new equity and adding ~$180 million in incremental debt, raising total debt to $780 million.
Headlines mentioning Hyland Software, Inc.
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.