Vista Equity Makes Progress on Record $6 Billion Private Loan

Vista Equity Partners is closer to pulling off the largest private credit deal on record as a $6 billion refinancing plan for Finastra Group Holdings Ltd takes shape.

The owner of the financial-software company looks poised to tap the likes of Sixth Street Partners and Oak Hill Advisors LP for a $4 billion to $4.25 billion first-lien term loan at around 7% to 8% above the benchmark rate, according to people familiar with the matter who aren’t authorized to speak publicly. The financing is expected to include $1.5 billion to $2 billion of second-lien debt with a yield in the ...