Shearman And Sterling

News April 08, 2021

Hyland Software $810 Million Amended Term Loan Facilities

Shearman & Sterling advised Credit Suisse AG, Cayman Islands Branch, as Administrative Agent, on amendments to Hyland Software’s existing credit facilities consisting of (i) a $140.0 million first lien incremental term loan facility, (ii) a $120.0 second lien incremental term loan facility to finance the acquisition of a content management platform service provider, and (iii) a refinancing facility to refinance Hyland Software’s existing second lien term loans in an aggregate principal amount of $550 million.

Hyland Software, Inc. develops and markets enterprise content management software. The company offers OnBase, a single enterprise information platform for managing content, processes, and cases; ShareBase, an enterprise cloud-based sharing product; and Hyland Healthcare Enterprise Imaging solutions that help healthcare providers centralize, manage, and exchange DICOM and non-DICOM images.

The Shearman & Sterling team below was supported by Nicholas Kho.

The Team