Micro Focus International plc announced that it has successfully priced and allocated a EUR 750 million and a USD 750 million Senior Secured Term Loan B (together, the "Facilities"). The new 5-year Facilities will be used by Micro Focus to fully refinance its existing Senior Secured Term Loan B Euro facility due June 2024 as well as partially refinance the existing Senior Secured Term Loan B USD facilities due June 2024 (the "Transaction"). Final pricing for the new 5-year Facilities is 4.00% above EURIBOR (subject to 0% floor) at an original issue discount of 0.5% on the Euro denominated tranche, and 4.00% above SOFR and CSA (subject to 0.5% floor) at an original issue discount of 1.0% on the U.S. Dollar denominated tranche.

Following the consummation of the Transaction, the average maturity of Micro Focus's debt capital structure has been extended from 2.7 years to 3.6 years. The transaction was led by JP Morgan in conjunction with HSBC, Citi, Natwest, Bank of America and Goldman Sachs. In addition, Micro Focus has extended its Revolving Credit Facilities ("RCF") by 18 months to December 2026, on substantially the same terms as before except that Micro Focus now has greater flexibility to utilize the facility.

The $250 million RCF was implemented with the same group of banks.