Catenaa, Saturday, January 24, 2026- Databricks has lined up $1.8 billion of new financing from broadly syndicated loan investors and private credit lenders, as the Software maker plans its IPO.
The company increased an existing delayed-draw term loan to $1.15 billion from $500 million, Bloomberg News reported.
It also boosted its revolver to $3.65 billion from $2.5 billion, the report said.
Pricing on the loan, which is available for two years, is 4.5 percentage points above the Secured Overnight Financing Rate.
Databricks is one of the world’s most valuable closely held companies, competing with Oracle and Snowflake in the area of data software.
Just last month, it raised more than $4 billion in a funding round that values the firm at $134 billion.
Databricks clinched financing of more than $5 billion about a year ago, from lenders including Blackstone, Apollo Global Management, and Blue Owl Capital.
That deal, also led by JPMorgan, was the company’s largest debt raise at the time. It was comprised of a $2.25 billion term loan, a $500 million delay-draw tranche, and a $2.5 billion revolving credit facility. The debt was earmarked to offset tax burdens from stock sales by employees.
After the recent financing, Databricks’ debt load has risen to $7.05 billion, the report said.
The equity funding round from December was intended in part to allow its employees to conduct secondary share sales. The new financing was led by Insight Partners, Fidelity Management & Research, and JP Morgan Asset Management, with participation from others.
