12:46 PM EDT, 08/13/2025 (MT Newswires) -- KKR (KKR) is leading a private credit deal worth about $3 billion for Thoma Bravo's Flexera Software unit, Bloomberg reported Wednesday, citing people with knowledge of the matter.

The funds will reportedly refinance Flexera's existing syndicated debt and fund a dividend payout.

KKR's credit unit is contributing the largest share, with other lenders including Ares Management ( ARES ) , Blackstone (BX), Golub Capital (GBDC), BlackRock's ( BLK ) HPS Investment Partners unit, and Thoma Bravo's credit arm, the media outlet reported.

The package includes a $2.03 billion term loan, a 590 million euros ($689 million) loan, and a $150 million revolving credit line, the report said, adding that the loans are being sold at 4.75 percentage points above their respective currency-denominated benchmarks.

Ares declined to comment when reached by MT Newswires' while KKR, Thoma Bravo, Flexera, Blackstone, Golub, BlackRock ( BLK ), and HPS did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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