Atlassian Corp. PLC disclosed that on Oct. 28 the company entered into a $1.5 billion senior unsecured pro rata credit facility due October 2025 that includes a $1 billion, delayed-draw term loan A and a $500 million revolver, with proceeds earmarked for general corporate purposes.
Pricing is tied to a leverage-based grid, at L+87.5-150, opening at L+112.5.
BofA Securities, MUFG Bank and Truist Securities acted as joint lead arrangers. Bank of America is administrative agent.
The facility is covered by a leverage ratio set at 3.5x.
Atlassian, which is based in Sydney, Australia, designs, develops, licenses and maintains various software products.