Private investment major Blackstone Inc is spearheading a $1.3bn private funding package to support the merger of Paratek Pharmaceuticals and Radius Health, according to a report by Bloomberg.
Blackstone Credit & Insurance structured the financing and acted as one of the largest lenders alongside Sixth Street Partners, which contributed over $400m. Additional participation came from Oaktree Capital Management and Silver Point Capital.
Jonathan Brayman, managing director at Blackstone Credit...
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