A syndicate of private credit lenders including Blackstone and Ares Management, has extended over $400m in delayed draw term loans to Enverus, to support the firm’s planned acquisition of Spatial Business Systems, according to a report by Bloomberg.
The loans follow an earlier $3bn financing package in December from the syndicate, which also includes Oaktree Capital Management, Thoma Bravo, HPS Investment Partners, and Antares Capital.
The acquisition of Spatial Business Systems, an AI-driven pl...
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