GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.
Vicki L. Fuller, former chief investment officer of the New York State Common Retirement Fund and AllianceBernstein executive, joined Blackstone/GSO Secured Lending Fund’s board of trustees.
Blackstone hired Christine Feng, a former senior executive at Amazon focused on mergers and acquisitions, to the firm as senior managing director.
GSO/Blackstone Debt Funds Management added Robert Post as a portfolio manager of the funds. Post is a principal and a portfolio manager at GSO with nine years of industry experience.
Fitch Ratings assigned an expected long-term issuer default rating of BBB- to Blackstone/GSO Secured Lending Fund. The rating outlook is stable.
GSO/Blackstone Debt Funds Management, an affiliate of GSO Capital Partners, announced monthly distributions for three closed-end funds it advises.
J.Crew Group received approval for all first day motions related to its Chapter 11 restructuring, including access to the $400 million debtor-in-possession financing facility provided by Anchorage Capital Group, GSO Capital Partners and Davidson Kempner Capital Management.
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.
VER filed voluntary petitions for reorganization under Chapter 11 to facilitate its merger with Production Resource Group. GSO Capital Partners and other lenders pledged up to $364.7 million in DIP financing to support the restructuring.
Hovnanian Enterprises closed its previously announced financing transactions with GSO Capital Partners, Blackstone’s credit platform. The financing included a revolving credit facility of up to $125 million and a $132.5 million term loan.