FNZ Group has successfully completed a $2.1bn debt refinancing, securing new long-term facilities through to November 2031.
The refinancing includes a new $2.1bn term loan and an additional $300m RCF.
This development enhances balance sheet flexibility, reduces near-term refinancing risk, and strengthens FNZ’s foundation to execute its strategic goals.
8 November 2024: FNZ Group has this week successfully completed a refinancing of its existing debt, providing new long-term facilities that extend through to November 2031.
Through this refinancing, FNZ has rolled its existing private unitranche senior debt and revolving credit facility (RCF) into a new $2.1bn term loan and has also closed on a new $300m RCF.
The refinancing replaces FNZ’s previous debt structure, providing greater balance sheet flexibility, strengthening its foundations to execute strategic goals, and reduces any near-term refinancing risk.
An FNZ spokesperson commented, “We are pleased to have secured this refinancing, which positions FNZ strongly for the future. We remain focused on delivering first-class service to our customers while executing on our long-term strategic priorities.”