Date Closed

September 21, 2017

Lead Office

Toronto

Value

430.00 Million USD

On September 21, 2017, Procera Networks, Inc. (“Procera”), an affiliate of Francisco Partners closed the arrangement of US$430 million of senior secured credit facilities made available to finance Procera’s acquisition of Sandvine Corporation.  The facilities consisted of a US$400 million first lien term loan facility and a US$30 million first lien revolving credit facility. 

The acquisition of Sandvine Corporation by Procera Networks, Inc.  was done via PNI Acquireco Corp.  through a plan of arrangement.

McCarthy Tétrault LLP acted as Canadian counsel to JPMorgan Chase Bank, N.A. in connection with the credit facility.