TIBCO Software Inc. and Balboa Merger Sub, Inc. Announce $950 Million Senior Notes Offering

PALO ALTO, CA--(Marketwired - Nov 14, 2014) - TIBCO Software Inc. ("TIBCO" or the "Company") and Balboa Merger Sub, Inc. (the "Issuer"), controlled by affiliates of Vista Equity Partners ("Vista" or the "Sponsor"), today announced that the Issuer intends to privately offer, subject to market and other conditions, $950 million in aggregate principal amount of its senior notes due 2021 (the "Notes"). The net proceeds from the offering of the Notes, together with other financing sources, will be used to fund the acquisition of TIBCO by an affiliate of the Sponsor (the "Acquisition") and to pay certain related fees, commissions and expenses. TIBCO will assume all of the obligations of Issuer under the Notes upon the consummation of the acquisition. The offering and the actual terms of the Notes, including the interest rate, will depend on market and other conditions.

The Notes will be offered to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.

The Notes have not been and will not be registered under the Securities Act or any state or other jurisdiction's securities laws. Accordingly, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction's securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About TIBCO Software Inc.

TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it's optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® -- the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world.