Market Chatter: Blackstone Leading $1.45 Billion Private Debt Financing for Buyout of Aareon

MT Newswires Live07-02

Blackstone (BX) is leading a 1.35 billion euro ($1.45 billion) private debt financing for TPG (TPG) and CDPQ's buyout of Aareon, Bloomberg reported Tuesday, citing people familiar with the matter.

The transaction includes a 1.1 billion euro funded term loan and 250 million euro delayed draw term loan, according to the people, the report added.

Banks will likely provide a 150 million euro revolving credit facility, the report said. Other participating lenders include KKR (KKR) and Goldman Sachs Asset Management (GS), according to the report.

Blackstone, TPG, CDPQ, KKR, Goldman Sachs and Aareon did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 121.81, Change: -0.42, Percent Change: -0.34

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