$50B+ in PE SaaS debt at risk as Medallia collapse signals coming wave

$50B+ in PE SaaS debt at risk as Medallia collapse signals coming wave

11h ago
SaaStr SaaS HoarderSH Gtm_strategy New

The Gist

  • Thoma Bravo's $6.4B Medallia acquisition wiped out $5.1B equity in lender takeover
  • 12+ PE SaaS deals with $46.9B distressed debt face similar restructuring risks
  • Median SaaS multiples dropped from 9x (2021) to 6x (2026), killing refinancing options

RevBots.ai View:

SaaS Hoarders stacking debt-fueled acquisitions are the most exposed to this liquidity crisis.

Full Story: SaaStr →