Hellman & Friedman-owned Baker Tilly taps debt markets to refinance $3bn private credit package

Baker Tilly Advisory Group is moving to refinance around $3 billion in debt via the syndicated loan market, aiming to replace the private credit financing that helped fuel its growth since its acquisition by Hellman & Friedman. This strategic shift highlights the firm's efforts to optimize its financial structure and reduce reliance on private equity financing, which can come with higher interest rates and stricter terms. This move is significant as it signals Baker Tilly's confidence in its financial health and market position post-acquisition.