Vista Equity Partners pauses $6bn Finastra refinancing

Vista Equity Partners pauses $6bn Finastra refinancing

Vista Equity Partners has paused efforts to refinance nearly $6bn in debt and preferred equity tied to its portfolio company, Finastra, citing a lack of investor interest driven by deteriorating conditions in the loan market, according to a report by PE Insights. The refinancing, managed by Morgan Stanley and JPMorgan, was intended to replace a $4.8bn private credit loan raised just under two years ago, and to return $1bn in preferred equity Vis…