Finastra Group $5.32 billion refinancing
We advised the administrative agent, lead arrangers and lenders on the refinancing
Davis Polk advised the administrative agent, lead arrangers and lenders in connection with the largest ever private credit deal in the United States: a refinancing of Finastra Group’s existing credit facilities. The refinancing included a $4.82 billion senior secured unitranche term loan facility and a $500 million senior secured multicurrency revolving credit facility, provided by a group of over twenty private credit funds and direct lenders to borrowers located in several jurisdictions.
Finastra, a portfolio company of Vista Equity Partners, is one of the world’s largest financial services software companies with over 9,000 customers, including 90 of the top 100 banks globally, across over 130 countries.
Vista is a U.S.-based investment firm with more than $96 billion in assets under management, focused on investing in software, data and technology-enabled organizations.
The Davis Polk finance team included partners Jason Kyrwood and Nick Benham, counsel David J. Kennedy and Aaron Ferner and associates Matthew J. Wiener, Joshua Bunn, Elizabeth Rodgers and Amanda Cheng. Members of the Davis Polk team are based in the New York and London offices.