Maples Group Advises on US$5.3 Billion Refinancing

Maples and Calder, the Maples Group's law firm, is pleased to have advised Finastra on its US$5.3 billion refinancing, which is the largest ever private credit deal in the United States. The deal, which involved the refinancing of Finastra's existing credit facilities, included a US$4.82 billion senior secured unitranche term loan facility and a US$500 million senior secured multicurrency revolving credit facility. The transaction featured more than 20 lenders and borrowers in multiple jurisdictions.

Finastra is one of the world's largest financial services software companies spanning across more than 130 countries, with over 9,000 customers, including 90 of the top 100 banks globally.

The Maples Group team provided Cayman Islands counsel and was led by Finance partners Jonathon Meloy and Anthony Philp and associate Renee Lindo, alongside Funds & Investment Management partners Patrick Rosenfeld and Christina Gordon. 

Kirkland & Ellis acted as lead counsel to Finastra. The administrative agent, lead arrangers and lenders were represented by Davis Polk.