Here’s something that hasn’t happened in nearly two decades: European lenders are telling software companies they need to actually start paying back their loans on a schedule. The last time these kinds of repayment terms were widespread in Europe was during the global financial crisis. AdvertisementInvestors are reportedly positioned to request comparable amortization terms in upcoming negotiations with think-cell Software GmbH, a company backed by private equity firm Cinven. Why lenders are spookedFor years, software companies were the golden children of leveraged finance. A lender who extends a bullet loan to a software company is making a bet that the company will still be creditworthy enough to refinance when that loan matures.