Hey, This Whole Citrix Deal Could Have Been A Whole Lot Worse

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Back in January, when Paul Singer was looking for a little help buying Citrix Systems, interest rates were still near zero and the Elliott Management chief didn’t have to look far: More than 30 banks and other players were eager to underwrite the $15 billion in debt needed to make deal happen—and at very fair rates, indeed.

Now, of course, interest rates are a good deal higher than zero. Indeed, they got a good deal higher just today. And so those who the aforementioned banks hoped to sell that debt on to are a good deal less keen on it than the banks were eight months ago.



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