A group of private credit lenders led by Blue Owl Capital has agreed to provide a $1.4bn loan to support Hg’s acquisition of OneStream, pushing ahead with the deal despite growing scrutiny over software exposure across private credit portfolios, according to a report by Bloomberg citing people familiar with the matter.
The financing is reportedly structured as an annual recurring revenue loan and priced at 4.75 percentage points over the US benchmark rate. A further $850m will be available via a...
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