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Walkers acts as Cayman Islands counsel on Finastra Group $5.32 billion refinancing

Sep 21, 2023

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Walkers is pleased to announce it acted as Cayman Islands legal counsel to the administrative agent, lead arrangers and lenders in connection with a refinancing of Finastra Group’s existing credit facilities.

The refinancing included a $4.82 billion senior secured unitranche term loan facility and a $500 million senior secured multicurrency revolving credit facility, provided by a group of over twenty private credit funds and direct lenders to borrowers located in several jurisdictions. This deal was the largest ever private credit deal in the United States.

The Walkers Finance team was led by partner, Justin Hart, and supported by senior counsel, Joe Healey and associate, Richard Beazley, based in the Cayman Islands office. Davis Polk acted as lead legal counsel. 

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