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Early Insight, Unmatched Intel from Octus: Finastra
Octus delivers clarity in the most complex credit situations.
With over a decade of expertise providing forward-facing insights with first-to-market reporting, deep legal analysis, and robust financial analysis, Octus is the leading source for deal news on both broadly syndicated and direct lending deals.
The following report on global financial services software provider Finastra highlights these unmatched capabilities. From our initial coverage of Finastra’s debt challenges to our granular reporting on its strategic moves throughout 2025, our Private Credit & Deal Origination reporting team was consistently at the forefront, providing detailed updates on key milestones.
Octus Private Credit & Deal Origination Insights provides early stage origination news, ongoing deal coverage, data and analytics on the global private credit market.
2022
November 23 | Coverage initiation
Octus initiated coverage of UK-based financial software provider Finastra, backed by Vista Equity, in late 2022. The Octus story said the company was exploring options to address more than $4 billion of debt maturing in 2024, including an amend-and-extend, amid weak cash flow generation and high interest expenses.
December 22 | Reporting on advisor hires
One month later, Octus’ Core Credit team reported Finastra was working with Kirkland & Ellis as legal advisor to explore options to address their upcoming maturities. Meanwhile, an ad hoc group of lenders organized with Gibson Dunn as counsel and PJT Partners as financial advisor.
2023
May 19 | Unitranche details
Octus reported that Finastra’s maturities would be addressed with a $4.8 billion unitranche refinancing in the private credit market.
2025
January 22 | Unitranche refinancing
Nearly two years after Octus’ initial reporting, the Private Credit & Deal Origination team broke news that Finastra may refinance its $4.8 billion private loan led by Oak Hill Advisors to secure better pricing in the BSL market.
April 2 | Sale of treasury and capital markets unit
Octus’ Private Credit & Deal Origination team reported that Finastra, advised by Evercore, selected bidders for the second round of its TCM division auction. Apax Partners was highlighted as one of the advancing bidders.
April 11 | Unitranche refinancing
Octus reported Finastra officially paused its refinancing effort due to market volatility and tariff uncertainty. Octus noted the company would likely resume the process when conditions improved.
May 9 | Sale of treasury and capital markets unit
Octus reported Apax was the frontrunner to acquire the TCM unit for $2 billion, lining up $1.2 billion in bank financing to support the carve-out with Deutsche Bank and Goldman Sachs leading the syndication.
May 19 | Sale of treasury and capital markets unit
Finastra and Apax Partners announced an agreement to sell Finastra’s TCM unit to an affiliate of Apax.
July 9 | Unitranche refinancing
With $2 billion on its balance sheet after selling its TCM unit, Octus reported Finastra would likely soon relaunch its refinancing effort while downsizing its loan size.
July 23 | Unitranche refinancing
Octus reported Finastra received strong investor demand in the primary market for a $3.6 billion syndicated loan despite concerns over high leverage. Its $2.4 billion seven-year, first-lien term loan B priced at SOFR+425 bps and 98.5-99 OID.
August 7 | Sale of treasury and capital markets unit
Octus reported the $1.2 billion debt financing syndication would launch in the European primary market by year-end 2025.
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