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Market Chatter: Morgan Stanley Restarts $4 Billion Debt Refinancing Plan for Finastra
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Market Chatter: Morgan Stanley Restarts $4 Billion Debt Refinancing Plan for Finastra
Jul 17, 2025 12:11 PM

02:45 PM EDT, 07/17/2025 (MT Newswires) -- Morgan Stanley ( MS ) is resuming an attempt to refinance about $4 billion of private loans for financial software firm Finastra Group, Bloomberg reported Thursday, citing people familiar with the matter.

The transaction is believed to include a $2.55 billion first-lien loan, a 600 million euro ($696 million) term loan, a $350 million second-lien loan, and a $450 million revolving credit facility, the people told the news outlet. A deal could be introduced into the syndicated loan market as soon as next week, according to the sources.

Under the latest Morgan Stanley ( MS )-led deal, Finastra intends to use some of the proceeds to refinance a portion of the debt it acquired from private credit firms in 2023. Funds obtained from the company's planned divestment of its treasury and capital markets business to Apax Partners will be used to repay the rest of the debt, according to the report.

Morgan Stanley ( MS ) and Finastra did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 141.42, Change: +1.63, Percent Change: +1.17

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