BAML Leads Refinitiv $5.5B Loan Launch

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

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

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

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

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

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

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.

Simpson Thacher Advises Blackstone on MB Aerospace Acquisition

Blackstone and MB Aerospace said private equity funds managed by Blackstone have completed the acquisition of MB Aerospace from Arlington Capital Partners. Blackstone was advised by Simpson Thacher & Bartlett on the transaction.

Blackstone, Goldman, Others Provide $550MM to Support SunEdison Buy

SunEdison and Vivint Solar agreed to amend their merger agreement. A Blackstone-sponsored vehicle will become a key stakeholder, and committed to provide a $250 million credit facility. Goldman Sachs, Barclays, Citigroup and UBS will provide a $300 million term loan.

GE To Sell UK Home Lending Portfolio to Blackstone, TSSP and CarVal

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.