JPMorgan Chase & Co (NYSE:JPM) is sounding out investors for a potential $1.46 billion debt deal for the internet security platform KnowBe4, Bloomberg reported, citing people familiar with the matter.
If successful, KnowBe4, which Vista Equity Partners backs, will use the proceeds to refinance loans from private credit firms at a significantly cheaper borrowing cost, said the people.
Blue Owl Capital (OWL), Blackstone (BX), and Carlyle’s (CG) credit business were some of the lenders on the original loan.
