Vista Equity Partners is looking to secure private credit backing for a multi-billion dollar refinancing of portfolio company Finastra Group Holdings, by offering to pump $1bn of preferred equity into the business, according to a report by Bloomberg.
Vista Equity Partners is looking to secure private credit backing for a multi-billion dollar refinancing of portfolio company Finastra Group Holdings, by offering to pump $1bn of preferred equity into the business, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the refinancing package includes a $4.8bn private credit loan, which if secured, would make it one of the largest direct-lending deals on record.
Oak Hill Advisors is expected to be among the lead lenders, according to Bloomberg’s sources, with Sixth Street Partners, Ares Management Corp, Blue Owl Capital Inc, and KKR & Co also reportedly considering participating in the debt package.
