Our relationship with Softtek began in 2019, with our most recent transaction taking place in 2024. With the initial $75 million in Senior Secured Notes we provided the Company approaching maturity, we refinanced and upsized these Original Notes with Senior Unsecured Notes in two multicurrency tranches to suit the company’s international financing needs. A tranche of $50 million in USD and another tranche of €35 million in EUR both closed in the third quarter of 2024.
In the five years since our first transaction, PGIM Private Capital and the Company were both eager to continue our financing relationship. Softtek chose to work with us due to our certainty of speed and execution, and our variety of financing products across different currencies.
We are proud to continue our partnership with Softtek, and we look forward to continuing our support for their business.