PARIS, July 8 (Reuters) - Paris-headquartered human resource software maker HR Path raised close to €410 million ($468.8 million) in debt to fund its expansion into new markets and possible acquisitions, it said on Wednesday.

Private equity fund Ardian also bought an undisclosed stake in the company as part of the transaction which was done on the basis of an overall value of $1 billion, added HR Path.

The company, one of many riding the wave of growth linked to the AI sector, said Societe Generale SOGN.PA and Credit Agricole CAGR.PA were the lead banks in its debt deal, which comprises €340 million of new senior debt and a revolving credit facility of nearly €70 million.

HR Path, founded in Paris in 2001 and whose partners include the likes of SAP SAPG.DE, Oracle ORCL.N and Workday WDAY.O, said it wanted to expand in the Nordic countries and the Middle East.

HR Path added it was hoping to have revenues of €700 million within three years, up from €360 million at present.

"With artificial intelligence, companies are facing unprecedented transformation. This new step gives us the means to invest in the services that will shape the HR function of tomorrow," said François Boulet, Co-founder and Co-CEO of HR Path, in a statement.

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