Centric Brands entered into a restructuring support agreement, led by certain funds managed by Blackstone, Ares Management, and HPS Investment Partners, to recapitalize the company and provide $435 million in debtor-in-possession financing.
Blackstone Life Sciences and GSO Capital Partners led a $2 billion financial collaboration in support of Alnylam Pharmaceuticals. The deal includes an up to $750 million first lien senior secured term loan led by GSO.
Capital One closed a $36 million loan to finance the acquisition of a lab-capable office campus in San Diego by BioMed Realty, a commercial owner and operator of life science real estate.
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.
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.
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.
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.
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 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.
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.