Clearlake Capital and Insight Partners are close to agreeing a $2bn debt package with a group of private credit lenders including Apollo Global Management and Blackstone to help finance their leveraged buyout of software developer Alteryx, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that Blue Owl Capital and Sixth Street Partners are also among the lenders involved in talks to participate in a $1.8bn seven-year term loan, priced at around 6.5 percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The deal is also expected to include a revolver of about $200m according to the sources, although discussions are said to be ongoing and details could still change.
Source: Private Equity Wire
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Aquilius Investment Partners, a...
KKR powers past $723bn AUM on record fundraising and historic investment pace
KKR powers past $723bn AUM on record fundraising and historic investment pace KKR & Co. posted...
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio Ardian has...