Market Chatter: Ares Management, Blackstone Join Forces to Provide $1.43 Billion Private Credit Loan Package to Odevo

MT Newswires Live12-13

Ares Management (ARES) and Blackstone (BX) are teaming up to provide a $1.43 billion-equivalent private credit loan package to Swedish property manager Odevo, Bloomberg reported Thursday.

The package consists of a $1.1 billion unitranche loan and a $330 million undrawn term loan - with some tranches in euros, dollars, sterling and Swedish krona - the report said, citing people with knowledge of the matter.

The loan package comes after CVC Capital Partners acquired a stake in Odevo in August in a deal that valued the business at over $3 billion, according to the report.

A representative for Ares declined to comment. Blackstone and Odevo did not immediately reply 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: 189.53, Change: -2.88, Percent Change: -1.50

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491356751?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 04:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491356751","market":"hk","top_or_hot":-1,"title":"Market Chatter: Ares Management, Blackstone Join Forces to Provide $1.43 Billion Private Credit Loan Package to Odevo","media":"MT Newswires Live","content":"<html><body><p> Ares Management (ARES) and Blackstone (BX) are teaming up to provide a $1.43 billion-equivalent private credit loan package to Swedish property manager Odevo, Bloomberg reported Thursday.</p><p>The package consists of a $1.1 billion unitranche loan and a $330 million undrawn term loan - with some tranches in euros, dollars, sterling and Swedish krona - the report said, citing people with knowledge of the matter.</p><p>The loan package comes after CVC Capital Partners acquired a stake in Odevo in August in a deal that valued the business at over $3 billion, according to the report.</p><p>A representative for Ares declined to comment. Blackstone and Odevo did not immediately reply to MT Newswires' requests for comment.</p><p>(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.)</p><p>Price: 189.53, Change: -2.88, Percent Change: -1.50</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Ares Management, Blackstone Join Forces to Provide $1.43 Billion Private Credit Loan Package to Odevo</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Ares Management, Blackstone Join Forces to Provide $1.43 Billion Private Credit Loan Package to Odevo\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ares Management (ARES) and Blackstone (BX) are teaming up to provide a $1.43 billion-equivalent private credit loan package to Swedish property manager Odevo, Bloomberg reported Thursday.The package ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BBT3K403.USD","symbol_name":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2491356751","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491356751","pubTimestamp":1734033602,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Ares Management  and Blackstone  are teaming up to provide a $1.43 billion-equivalent private credit loan package to Swedish property manager Odevo, Bloomberg reported Thursday.The package consists of a $1.1 billion unitranche loan and a $330 million undrawn term loan - with some tranches in euros, dollars, sterling and Swedish krona - the report said, citing people with knowledge of the matter.The loan package comes after CVC Capital Partners acquired a stake in Odevo in August in a deal that valued the business at over $3 billion, according to the report.A representative for Ares declined to comment. Blackstone and Odevo did not immediately reply to MT Newswires' requests for comment.Price: 189.53, Change: -2.88, Percent Change: -1.50","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BX":"黑石","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","ARES":"Ares Management L.P.","BK4588":"碎股","AACT.U":"ARES ACQUISITION CORPORATION II UNIT 1 CL A & 1/2 WT","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4135":"资产管理与托管银行","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC"},"translate_title":"市场热议：Ares Management、Blackstone联手向Odevo提供14.3亿美元私人信用贷款计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AACT.U":1,"ARES":0.9,"BX":0.9},"content_text":"Ares Management (ARES) and Blackstone (BX) are teaming up to provide a $1.43 billion-equivalent private credit loan package to Swedish property manager Odevo, Bloomberg reported Thursday.The package consists of a $1.1 billion unitranche loan and a $330 million undrawn term loan - with some tranches in euros, dollars, sterling and Swedish krona - the report said, citing people with knowledge of the matter.The loan package comes after CVC Capital Partners acquired a stake in Odevo in August in a deal that valued the business at over $3 billion, according to the report.A representative for Ares declined to comment. Blackstone and Odevo did not immediately reply 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: 189.53, Change: -2.88, Percent Change: -1.50","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491356751"}