Finastra Launches $3.6 Billion Loan Refinancing Private Debt (1)

Financial software firm Finastra Group Holdings Ltd. has kicked off a $3.6 billion-equivalent debt sale to refinance some of its private loans, on one of the leveraged loan market’s busiest days for deal launches ever.

Banks including Morgan Stanley, HSBC Holdings Plc and JPMorgan Chase & Co. are selling three tranches of debt in the US and European leveraged loan markets, according to a person with knowledge of the matter. The offering includes a $2.4 billion first-lien loan, a $700 million-equivalent first-lien loan denominated in euros and a $500 million second-lien loan, said the person.

Price talk on the ...