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3 weeks 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.
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3 weeks ago | 
bloomberg.com | Ellen Schneider |Aaron Weinman |Olivia Fishlow
Apollo Global Management Inc. and Citigroup Inc. are offering a razor-thin rate for a private financing worth around $3.5 billion backing Boeing Co.’s carveout of navigation unit Jeppesen, according to people with knowledge of the matter.
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1 month ago | 
news.bloomberglaw.com | Olivia Fishlow |Ellen Schneider |Silas Brown
Private credit funds are grinding down margins and cranking up leverage to win business over their liquid peers, as trade wars and geopolitical uncertainty suppress corporate deals. Credit spreads are among the tightest they’ve ever been for the industry’s best borrowers, with private loans recently pricing as low as 4.5 percentage points over the Secured Overnight Financing Rate in the US, and 4.75 percentage points over Euribor in Europe.
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1 month ago | 
news.bloomberglaw.com | Olivia Fishlow |Ellen Schneider |Silas Brown
Private credit funds are willing to grind down margins and crank up leverage to win business over their liquid peers and stay competitive with the broadly syndicated markets as deal flow has remained muted. Credit spreads are among the tightest they’ve ever been for the industry’s best borrowers, with private loans recently pricing as low as 4.5 percentage points over the Secured Overnight Financing Rate in the US, and 4.75 percentage points over Euribor in Europe.
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1 month ago | 
financialpost.com | Olivia Fishlow |Ellen Schneider |Silas Brown
Credit spreads are among the tightest they’ve ever been for the industry’s best borrowers, with private loans recently pricing as low as 4.5 percentage points over the Secured Overnight Financing Rate in the US, and 4.75 percentage points over Euribor in Europe. Meanwhile, hopes that the Trump administration would bring a renewal in mergers and acquisitions haven’t yet materialized.
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1 month ago | 
bloomberg.com | Olivia Fishlow |Ellen Schneider |Silas Brown
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
advisorperspectives.com | Ellen Schneider |Olivia Fishlow
Blackstone Inc. has won approval from the US Securities and Exchange Commission to launch its newest private credit fund, one of the latest efforts to give individuals access to assets that are mostly backed by institutions. The Blackstone Private Multi-Asset Credit and Income Fund, or BMACX, should be available for purchase in the second quarter of 2025, according to a press release. It is an interval fund, which only lets investors cash out after set periods.
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1 month ago | 
news.bloombergtax.com | Ellen Schneider |Davide Scigliuzzo |Silas Brown
For a while, it sounded just like any other corporate earnings call: tightly scripted, a bit formulaic and monotonous. Then, suddenly, about 17 minutes in, the fireworks began. “You don’t know. You don’t know. You don’t even know. And you cover us?” This was John F. Barry III, CEO of the $7.2 billion investment fund Prospect Capital Corp., and he had quickly worked himself into a fury.
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1 month ago | 
news.bloomberglaw.com | Ellen Schneider |Davide Scigliuzzo |Silas Brown
For a while, it sounded just like any other corporate earnings call: tightly scripted, a bit formulaic and monotonous. Then, suddenly, about 17 minutes in, the fireworks began. “You don’t know. You don’t know. You don’t even know. And you cover us?” This was John F. Barry III, CEO of the $7.2 billion investment fund Prospect Capital Corp., and he had quickly worked himself into a fury.
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1 month ago | 
ca.finance.yahoo.com | Ellen Schneider |Olivia Fishlow
(Bloomberg) — The US Securities and Exchange Commission on Monday approved Blackstone Inc.’s (BX) newest private credit fund, which aims to give retail investors exposure to privately held assets with more liquidity than many comparable vehicles.
