Kirkland Advises Finastra Group on $5.3 Billion Refinancing

Kirkland & Ellis advised Finastra, a Vista Equity Partners portfolio company, in connection with the refinancing of its existing credit facilities. The transaction resulted in the largest ever private credit deal in the United States, including a $4.82 billion senior secured unitranche term loan facility and a $500 million senior secured multicurrency revolving credit facility and involved more than twenty lenders and borrowers in multiple jurisdictions.

Finastra is one of the world’s largest financial services software companies with more than 9,000 customers, including 90 of the top 100 banks globally, across more than 130 countries.

Vista is a U.S.-based investment firm with more than $96 billion in assets under management. The firm focuses on investing in software, data and technology-enabled organizations.

The Kirkland & Ellis finance team included partners Sonali Jindal, Austin Glassman, Tim Hughes, Lloyd Robertson-Jones, Sarah Goodwin, Erik Hepler and associates Jae Ha, Carrie Han, Christian Rivas, Allison Azarloza, Samantha Balanevsky, Matthew Grenfell, Cristina Poon, Aman Nath and Edward Mort, as well as capital markets partners Josh Korff and Jennifer Lee and associates Alborz Tolou and Elise Wang. Team members represented several of the Kirkland’s U.S. offices as well as its London office.

The administrative agent, lead arrangers and lenders in connection with the transaction was represented by Davis Polk.