Market Chatter: Blackstone Leads $2 Billion Loan for Software Maker Mitratech

MT Newswires Live12-06

Blackstone (BX) is leading a group of private credit firms in supplying $2 billion to help software maker Mitratech refinance a bank loan package, Bloomberg reported Friday, citing people familiar with the matter.

The financing is being offered at a rate of 4.75 percentage points higher than the US benchmark, the report said, adding that financing included first- and second-lien loans, as well as a revolving credit facility and delayed-draw term loans.

Blackstone did not immediately respond to MT Newswires' request 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.)

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