Vista’s Alegeus Eyes Cost Savings by Ditching Private Debt
- Firm is refinancing private debt for broadly syndicated loan
- Alegeus looking for interest savings of about $75 million
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Alegeus Technologies is looking to score about $75 million in interest savings through refinancing the private loan that Vista Equity Partners used to take the company private in 2018 as pricing remains competitive in public markets.
The healthcare benefits company is tapping the public leveraged loan market for a $525 million 5-year offering that will be used to repay the debt as well as fund a distribution to Vista, according to a person familiar with the matter who asked not to be identified because the information is private.