The American multinational corporation Morgan Stanley plans to raise $4 billion to refinance the private debt of the IT company Kaseya Inc., controlled by Insight Partners. This is reported in a press release from Morgan Stanley.
The financing of the proposed transaction involves two tranches, including one loan of $3 billion and a second loan of $1 billion.
A controlling stake in Kaseya belongs to Insight Partners, which acquired the shares in April 2023 at a total value of Kaseya of $12 billion.
Investment companies seeking to reduce interest costs have entered the syndicated market, as direct lenders can provide borrowers with more flexibility, including cash payment functions that reduce interest costs.
Morgan Stanley is an American multinational financial company in the field of institutional securities and investment management. The headquarters is located in New York (USA).
Kaseya Limited is an IT company developing software for applications, as well as network and system monitoring. The headquarters is located in Miami (Florida).
Insight Partners is a global venture capital and private equity firm investing in fast—growing technology, software, and internet businesses. The headquarters is located in New York (USA) with offices in London, Tel Aviv and Palo Alto (USA).
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