Lenders to Vista's Software Firm Solera Form Pact as Loans Near Maturity

A group of senior lenders to Solera Holdings Inc., including Apollo Global Management Inc. and Pacific Investment Management Co., has tapped a legal adviser ahead of the software company’s debt maturing in 2028, according to people familiar with the situation.

Lenders to the Vista Equity Partners-backed firm have organized with law firm White & Case for advice, said the people, who asked not to be identified discussing a private matter. The group has also signed a cooperation agreement, open to all lenders, that binds them together should the software firm want to engage in refinancing talks, the people added.