AI risks drag on $5bn Thoma Bravo-backed software refinancing

Cybersecurity firm Proofpoint, backed by Thoma Bravo, faces higher borrowing costs and tighter covenants in a $5bn refinancing deal, as lenders grow wary of risks associated with artificial intelligence. The debt deal reflects increased scrutiny of AI-related exposures in the software sector.

AI risks drag on $5bn Thoma Bravo-backed software refinancing Source: Financial Times Technology https://www.ft.com/technology Cybersecurity firm Proofpoint faces higher borrowing costs and tighter covenants in latest debt deal Get AI news in your inbox Daily digest of what matters in AI.