Morgan Stanley Pitches Investors on Finastra’s Private Debt Deal
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Morgan Stanley has sounded out investors regarding a potential $4 billion debt package to refinance loans for Finastra Group Holdings Ltd., according to people with knowledge of the matter.
The financial services software company is looking to the broadly-syndicated loan market to slash borrowing costs on the private debt it inked in 2023, said the people, who asked not to be identified discussing a private matter. The company has also not ruled out a return to the private credit space, the people said.