31.05.2016 20:24:04

IPO Watch: Nutanix Gets Huge Loan From Sachs

(RTTNews) - Goldman Sachs (GS) has provided a loan of $75 million to software company Nutanix.

Goldman Sachs is already an equity investor and lead IPO advisor of Nutanix, which had filed for initial public offering about six months ago. Usually companies that have filed for IPO do not seek debt financing, however, with the IPO market at a near-standstill Nutanix has not other avenues.

The senior notes guarantee the bank will earn at least a 9% return. Nutanix has said it will repay the loan when it does go public. If Nutanix goes public three months after the April loan, the annualized return would be 36%.

Nutanix was valued at $ 2 billion in 2014.

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