micro focus international plc said monday that it has launched a 16 billion senior secured term loan refinancing the proceeds of which will be used to refinance existing loans due in june 2024 the uk software group said the refinancing will replace an existing euro loan facility and partially refinance its us dollar loan both of which are due in 2024 micro focus said it will raise a combination of euro and dollardominated loans with a minimum intended tranche size of 442 million euros 5023 million and 11 billion the new euro facility is expected to be 400425 above the euro interbank offered rate at an original issue discount of 05 the dollar facility is expected to be 375400 above the secured overnight financing rate and the csa at an original issue discount of 1 shares at 0834 gmt were down 38 pence or 09 at 4133 pence