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Startups & Venture·August 27, 2026·1 min read

Thoma Bravo Concedes Deal Sweeteners Amid Debt Talks

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Forty creditor-friendly changes to get a deal done is a clear tell: lenders are using AI disruption as leverage to reprice risk. If you’re PE-backed or highly levered in software, assume new debt will come with tighter terms unless you can show how AI enhances, not erodes, your cash flows.