Market Wrap
Finastra earnings tick up, but maturity looms
- Bill Weisbrod
- +Kat Hidalgo
- + 1 more
•3 min read
Software company Finastra reported higher earnings for the most recent quarter, but is yet to communicate a specific plan to address its upcoming term loan maturity, according to 9fin sources.
On an earnings call yesterday (11 January) executives reiterated their previous guidance: that they continue to monitor market conditions and plan on an amend-and-extend transaction or a refinancing in the months ahead.