McAfee’s former enterprise business is weighing a deal for fresh capital from Elliott Investment Management as its liquidity wanes, according to people with knowledge of the situation.
The proposal would give the business a $400 million first-out term loan, said the people, who asked not to be identified because discussions are private. The new loan would be backed by intellectual property assets transferred to a new unit of the company, and would strengthen Elliott’s claim on the collateral and improve its position in the repayment line, the people added.
