Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.
Blackstone Re-Enters Direct Lending Market With $10B Pot
July 24, 2018
Bloomberg reported Blackstone’s GSO Capital Partners unit rebuilt its business, making nonbank loans to small and mid-size companies, after dissolving its partnership with FS Investment seven months ago.
23 Banks Set to Join Syndicate for Blackstone’s TR Buy
March 5, 2018
Reuters reported that lead arrangers J.P. Morgan, Merrill Lynch and Citigroup have invited 23 banks to participate in the $13.5 equivalent loan facility to support Blackstone’s purchase of a majority stake in Thomson Reuters’ Financial and Risk unit.
J.P. Morgan, BofA, Citi Support Thomson Reuters/Blackstone Partnership
February 1, 2018
Thomson Reuters agreed to enter into a strategic partnership with Blackstone. As part of the transaction, Thomson Reuters will sell a 55% majority stake in its F&R business to private equity funds managed by Blackstone.
Credit Suisse Leads $2.59B Paysafe Buyout Financing
November 16, 2017
Reuters reported Credit Suisse led the financing of a $2.59 billion leveraged loan supporting Blackstone’s buyout of UK-based payment processing company Paysafe.
Aspect Software Emerges from Restructuring Process
May 27, 2016
Aspect Software received court approval for its pre-arranged agreement, which results in the reduction of more than $320 million of prepetition indebtedness. The arrangement was led by affiliates of GSO Capital, Guggenheim and MidOcean Credit Partners.
Former GE Exec Joins Blackstone as Senior Advisor
May 10, 2016
Blackstone named Daniel C. Heintzelman a senior advisor. Heintzelman joins from GE, where he served as vice chairman and was responsible for services and operations.
GE To Sell UK Home Lending Portfolio to Blackstone, TSSP and CarVal
November 23, 2015
GE agreed to sell a portfolio of first lien mortgage loans from its UK Home Lending business valued at $5.8 billion to Blackstone, TPG Special Situation Partners and CarVal Investors.
