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Veritas-Backed Firm Begins Year’s Biggest Software Refinancing

Bloomberg Markets Friday 07 August 2026, 14:56 UTC By Rachel Graf and Jeannine Amodeo 1 min read
Key Points

Veritas-Backed Firm Begins Year’s Biggest Software Refinancing Gainwell Technologies has kicked off a $5.8 billion debt overhaul that would be the US software sector’s biggest of 2026, doing so as the sector has underperformed the broader leveraged-loan market by the most in years. The Veritas Capital Fund Management-owned firm launched a five-year leveraged loan on Friday that will be part of a $4.34 billion package that includes other first-lien secured debt, according to a person familiar...

Veritas-Backed Firm Begins Year’s Biggest Software Refinancing Gainwell Technologies has kicked off a $5.8 billion debt overhaul that would be the US software sector’s biggest of 2026, doing so as the sector has underperformed the broader leveraged-loan market by the most in years. The Veritas Capital Fund Management-owned firm launched a five-year leveraged loan on Friday that will be part of a $4.34 billion package that includes other first-lien secured debt, according to a person familiar with the matter. Such debt is often junk bonds.
Veritas-Backed Firm (ORG) Biggest Software Refinancing Veritas-Backed (ORG) Gainwell Technologies (ORG) US (LOCATION) The Veritas Capital Fund Management (ORG)
Originally published by Bloomberg Markets Read original →

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