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6 days ago | 
bloomberg.com | Olivia Fishlow |Ellen Schneider
(Bloomberg) -- From a custom tile maker to a funeral service provider, a number of companies financed by private lenders started showing signs of stress in the first quarter, according to recent results from business development companies. Market watchers say the trend is likely to accelerate as effects of the global trade war weigh on borrowers. Oaktree Specialty Lending Corp.
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2 weeks ago | 
news.bloombergtax.com | Ellen Schneider |Davide Scigliuzzo
Ares Management Corp. has begun reaching out to other lenders to participate in a $5.5 billion financing to support Clearlake Capital Group’s buyout of Dun & Bradstreet Holdings Inc. in what would be one of the largest private credit deals ever arranged, according to people with knowledge of the matter. The package under discussion consists of a $5 billion funded term loan and a $500 million revolver, said the people, who asked not to be identified discussing confidential information.
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2 weeks ago | 
bloomberg.com | Ellen Schneider |Davide Scigliuzzo
(Bloomberg) -- Ares Management Corp. has begun reaching out to other lenders to participate in a $5.5 billion financing to support Clearlake Capital Group’s buyout of Dun & Bradstreet Holdings Inc. in what would be one of the largest private credit deals ever arranged, according to people with knowledge of the matter.
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2 weeks ago | 
news.bloombergtax.com | Davide Scigliuzzo |Ellen Schneider
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2 weeks ago | 
bloomberg.com | Davide Scigliuzzo |Ellen Schneider
The Dun & Bradstreet headquarters in Jacksonville, Florida. (Bloomberg) -- Clearlake Capital Group is in talks with both banks and private credit funds to replace short-term financing for its buyout of Dun & Bradstreet Holdings Inc. and potentially contribute more equity into the deal, according to people with knowledge of the matter.
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2 weeks ago | 
bloomberg.com | Olivia Fishlow |Ellen Schneider |Carmen Arroyo
(Bloomberg) -- A group of direct lenders have agreed to convert some of their debt for International Data Group into equity, marking the latest restructuring to occur within the $1.6 trillion private credit market, according to people with knowledge of the matter. Lenders struck the deal last week with the market intelligence company, which Blackstone Inc.’s managed private equity funds bought in 2021 for about $1.3 billion.
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1 month ago | 
bloomberg.com | Olivia Fishlow |Ellen Schneider
A container ship docked under gantry cranes at a container terminal in Indonesia. (Bloomberg) -- In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios.
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1 month ago | 
news.bloombergtax.com | Olivia Fishlow |Ellen Schneider
In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios. Direct lenders were calling portfolio companies to triage the potential damage and discuss action plans, especially for those with global supply chains or ones particularly tied to consumer spending, according to market participants.
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1 month ago | 
news.bloomberglaw.com | Olivia Fishlow |Ellen Schneider
In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios. Direct lenders were calling portfolio companies to triage the potential damage and discuss action plans, especially for those with global supply chains or ones particularly tied to consumer spending, according to market participants.
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1 month ago | 
news.bloombergtax.com | Olivia Fishlow |Ellen Schneider |Jeannine Amodeo
Thoma Bravo is looking to sell a portion of a $525 million second-lien loan it provided last month to support the leveraged buyout of SolarWinds, according to people familiar with the matter. The investment firm had assumed the risky debt in part to facilitate Turn/River Capital’s buyout of the IT software company, which Thoma Bravo previously controlled alongside Silver Lake, said the people, who asked not to be identified discussing confidential information.
