Blackstone and Ares have provided approximately $5bn in private credit financing to support Thoma Bravo’s acquisition of WWEX Group and its planned merger with portfolio company Auctane, according to a report by Bloomberg citing people familiar with the matter.
The financing reportedly includes a $4.8bn unitranche loan and a revolving credit facility. The loan priced at 5.75 percentage points over the benchmark rate and was structured as covenant-lite, meaning it does not include maintenance cov...
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