Vista Equity Partners saves millions by switching from private debt Investing.com -- Vista Equity Partners is saving at least $200 million in annual interest expenses by refinancing portfolio companies with broadly syndicated loans instead of private debt, noted a report from Bloomberg. The private equity firm is wrapping up a refinancing for Finastra this week, raising more than $4.1 billion through loans arranged by banks including Morgan Stanley. This deal will partly replace the $5.3 billion of private debt Finastra obtained in 2023, which was the largest private credit deal on record at that time. Through the refinancing, Vista will reduce borrowing costs on most of Finastra’s first-lien debt to 4 percentage points over the US benchmark, down from 7.25 percentage points in the private financing. A smaller second-lien portion will price at 7 percentage points over the benchmark. This Finastra deal is part of a larger strategy that includes earlier refinancings for KnowBe4 Inc. and Avalara (NYSE:AVLR) Inc., as well as a new transaction for Duck Creek Technologies Inc. that launched on Monday. Vista’s move from private credit to broadly syndicated debt highlights the current strength of the leveraged loan market, where institutional investors are eager to deploy capital amid fewer new financings for mergers and acquisitions. The shift also demonstrates that for some borrowers, the more expensive private debt market, valued at $1.7 trillion, only offers a temporary solution. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Amtech Software Announces Strategic Growth Investment from Vista Equity Partners Amtech Software announces strategic growth investment from Vista Equity Partners.

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Washington insurance technology firm moving HQ to Denver ... A long-time developer of insurance technology said Monday...

Washington insurance technology firm moving HQ to Denver http://dpo.st/2rL27di #vistaequitypartners building Co. hub cc @ben_colorado