Private Credit Snubs $2.5 Billion Deal by Thoma Bravo’s Sophos

jrm(x6u044[6st409thst}ct_media_dl_1.png via Bloomberg Article content (Bloomberg) — Just last year, private credit firms were falling over themselves to lend to software borrowers like Sophos. Now, AI anxiety has snarled up the market so much that Thoma Bravo’s $2.5 billion refinancing for the cybersecurity firm is facing hesitant lenders. Article content Despite the company dangling a steep increase in yield, several private credit firms are passing on the deal, according to people familiar with the matter. That’s prompted Thoma Bravo to consider an alternative plan, tapping Goldman Sachs Gro…