10:29 AM EDT, 09/17/2024 (MT Newswires) -- UBS (UBS) is leading a $1.15 billion funding package to back investment firm Vista Equity Partners' purchase of software firm Jaggaer, Bloomberg News reported Tuesday, citing a person familiar with the matter.

The package is expected to comprise a $780 million first-lien term loan, a $220 million second-lien term load and a $150 million revolving credit facility, and the deal is expected to reach the market soon, the report said.

UBS, Vista and Jaggaer didn't respond to requests for comments from Bloomberg.

The three companies didn't immediately respond to requests for comment from MT Newswires.

(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.)

Price: 30.01, Change: +0.22, Percent Change: +0.72