Morgan Stanley Revives $4 Billion Finastra Debt Refinancing Plan

Morgan Stanley is reviving an effort to refinance roughly $4 billion of private loans for financial software firm Finastra Group Holdings Ltd., according to people familiar with the transaction.

The deal is expected to include a $2.55 billion first-lien loan, a €600 million ($696 million) term loan, a $350 million second-lien loan and a $450 million revolving credit facility, said the people, who were not authorized to speak publicly. A transaction could launch into the syndicated-loan market as soon as next week, they said.

Morgan Stanley had been sounding out investors over a possible deal for Finastra as ...