Vista’s Alegeus Hits Roadblock in Effort to Shed Private Credit
- Deal still in works a week after commitment deadline
- Software firm faces revenue pressure from lower interest rates
The software firm focuses on employee health benefits.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Alegeus Technologies has hit delays in refinancing private credit debt, a rare struggle for what’s been a historically busy US leveraged loan market.
A week after commitments on a planned $525 million five-year term loan were due, Alegeus’ deal remains in discovery with no update yet to come forward as of Tuesday morning, according to people with knowledge of the matter who requested not to be named discussing private information.