BlackRock to Lead Private Credit Deal to Refinance Syndigo Debt

A group of private credit lenders led by BlackRock Inc. are set to provide financing for software platform Syndigo that will refinance its bank debt, according to people with knowledge of the matter.

Firms including BlackRock, Guggenheim Partners and 26North Partners are providing a roughly $550 million debt package to refinance two leveraged loans, said the people, who asked not to be identified discussing private information. Syndigo is backed by private equity firms Summit Partners and TJC.

Jefferies Financial Group Inc., an agent on Syndigo’s existing bank debt, has told debt holders that the loans were being paid ...