Private equity group Thoma Bravo is seeking $1 billion of debt financing for its proposed purchase of EHR vendor NextGen Healthcare, Bloomberg reported Sept. 8.
According to people familiar with the matter, Thoma Bravo is in discussions with private credit lenders about a possible financing deal, which would reduce the amount of equity the group would need to put up for the acquisition, according to the publication.
The discussions are in early stages and details could change, according to the sources.
Thoma Bravo entered into an agreement to acquire NextGen Healthcare for about $1.61 billion in cash on Sept. 6.