Clearlake-Backed FinThrive, Creditors in Talks on Debt Swap

Clearlake Capital Group-backed FinThrive is holding discussions with some creditors that would trim more than $1.8 billion of its debt and provide the health-care software company with fresh money, according to people with knowledge of the matter.

• A potential deal calls for a below-par debt exchange and would also revise the order of debt repayments, said the people, who asked not to be identified discussing a private matter
• Discussions are ongoing and terms have not been finalized, they said
• The company is working with Kirkland & Ellis for debt advice, while some lenders engaged Gibson Dunn & Crutcher
• A ...