BMC Software Inc. cut the amount of two loans it sought for the company's leveraged buyout headed by Bain Capital LLC to around US$3.5 billion from U$4.2 billion. The information came from a person with knowledge on the matter who refused to be identified since the terms of the deal were private.

The corporate computer networks' software provider reduced a US$3.2 billion term loan to US$2.88 billion while a Eur750 million portion of the other loan was cut to Eur500 million. BMC agreed with Bain and Golden Gate Capital's buyout plan worth US$6.9 billion to make the company private. This was after BMC struggled to vie against new corporations that were better equipped to manage a shift toward cloud computing.

According to the source, the Houston-headquartered corporation proposed the sale of both pieces to venture capitalists at a discount of 99% of the face value. The discount would cut the profits for the borrower and increase the yield for investors. Furthermore, BMC boosted its sale of the dollar-denominated bonds supporting the buyout to US$1.63 billion from US$1.38 billion.