Renewable Energy transactions, in partnership with Blackstone Credit, closed a $104 million debt facility providing financing for the construction of a 55+MW Rhode Island solar project.
PTC Therapeutics entered into a strategic financing collaboration with funds managed by Blackstone. Funds managed by Blackstone Life Sciences and Blackstone Credit will provide PTC with an initial $500 million commitment, including $350 million in low-cost, low-dilution capital at close.
Blackstone Credit appointed Abby Miller chief accounting officer and treasurer of Blackstone Private Credit Fund and Blackstone Secured Lending Fund, Blackstone Credit’s business development companies.
Blackstone Credit launched a sustainable resources platform that will focus on investing in and lending to renewable energy companies and those supporting the energy transition.
Thoma Bravo completed its acquisition of Stamps.com for approximately $6.6 billion in cash. Blackstone Credit, credit funds managed by Ares Management, PSP Investments Credit II and Thoma Bravo Credit provided debt financing for the transaction.
Altus Power has refinanced its existing senior funding facility with Blackstone Credit’s structured products group to add an additional $135 million, bringing the aggregate facility to $503 million.
Sycamore Partners, KKR, Blackstone Credit and other first lien term lenders delivered $225 million in new capital for Belk in the company’s restructuring support agreement.
CIT’s healthcare finance group arranged a $75 million senior secured asset-based credit facility for One Call Corporation, a Jacksonville, FL-based service provider to the workers’ compensation industry.