Deals

Private Credit Duels With Banks for $8 Billion DocuSign LBO Debt

  • Competition ramps up between banks, direct lenders over deals
  • Bain, Hellman & Friedman jockey to buy signature platform
Photographer: Gabby Jones/Bloomberg
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Direct lenders are vying with banks to finance a potential buyout of DocuSign Inc. with a debt package totaling as much as $8 billion, according to people with knowledge of the matter.

Bain Capital and Hellman & Friedman are jockeying to acquire the electronic signature platform, though the discussions are ongoing and details may change, according to the people, who asked not to be named discussing a private transaction.