Wall Street’s stab at refinancing Finastra’s private debt fails
The loan package consisted of a $5B first-lien term loan and a $1B second-lien loan
An attempt to get better terms for Finastra Group Holdings Ltd.’s more than $5 billion debt load — made up of one of the largest loans in private credit history — has fallen apart, according to people familiar with the matter. After weeks of negotiations, Morgan Stanley and JPMorgan Chase & Co. are stuck at […]
