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AI risks drag on $5bn Thoma Bravo-backed software refinancing
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NEWSDECK ANALYSIS
Thoma Bravo is a US-based private equity firm known for its investments in software and technology companies, with a history of backing firms in the cybersecurity sector. Proofpoint, the company in question, provides software solutions to protect businesses from cyber threats, making its financial dealings closely watched by industry observers. The refinancing deal's terms may reflect growing concerns among lenders about the potential risks and disruptions associated with AI technologies.
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FT UK
AI risks drag on $5bn Thoma Bravo-backed software refinancing
Cybersecurity firm Proofpoint faces higher borrowing costs and tighter covenants in latest debt deal
29 Jul, 01:57
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