11-08-2025
Banks Score Win With $2 Billion Debt Deal for FinTech IntraFi
Financial technology firm IntraFi raised more than $2 billion in the leveraged loan market, marking a win for Wall Street banks against private credit firms, which had discussed providing a debt package in recent months.
A group of banks led by Morgan Stanley sold debt on behalf of IntraFi, backed by Blackstone Inc. and Warburg Pincus, so the company could pay its private equity owners a dividend and refinance a slice of its riskier debt, according to people with knowledge of the matter.
