Optiv Security, a leading cybersecurity solutions and services provider, closed its comprehensive amendment and extension of its First Lien Term Loan, Second Lien Term Loan and asset-based lending.
The completed amendments extend the maturity of Optiv's ABL to May 2028, its First Lien Credit Agreement to August 2028 and its Second Lien Credit Agreement to August 2029.
The S&C team advising the ad hoc group of first lien lenders in connection with the transactions consisted of Ari Blaut, Ben Beller, Theodore Batis, Benjamin Zonenshayn, Madeline Wells, Vivien Liu and Frank Huang. Rita O’Neill, William Bekker and Chloe Zack advised on corporate matters. Jeff Hochberg and Eli Dubin advised on tax matters. Joe Matelis, Juan Rodriguez, Shane Palmer and Suzanne Marton Ruscitto advised on antitrust and HSR matters. Jeannette Bander advised on executive compensation and benefits matters. Rachel Yu, Elizabeth Levin and Kelvin Kim advised on intellectual property matters.