The bank loan consists of a $350 million five-year revolving credit facility, a $3.2 billion term loan and a 750 million euro term loan. Both term loans will mature in seven years and are covenant-lite.

Pricing on the U.S. dollar-denominated loan is guided at LIB+400 with a 1 percent Libor floor and a discount of 99 cents. Pricing on the euro-denominated tranche is guided at 450bp over Euribor with a 1 percent floor and a discount of 99.

Both tranches will benefit from 101 soft call protection for six months. Lender commitments will be due August 8.

A bank meeting will take place in New York on July 30. A bank meeting will be held in London on July 29.

BMC announced on May 6 that it would be acquired for $46.25 per share in cash, or approximately $6.9 billion. GIC Special Investments Pte LTD and Insight Venture Partners are also part of the investor group.

Barclays, Credit Suisse and RBC provided commitments for the full amount of the financing.

(Editing By Jon Methven)

By Caleb Frazier