Record $5 Billion Private Credit Loan Sought by Ardonagh [Yahoo! Finance]
SCHIBSTED UNSP/ADR (SBSNY)
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Source: Yahoo! Finance
Most Read from Bloomberg Google Lays Off Hundreds in Hardware, Assistant, Engineering US and UK Strike Yemen's Houthis After Red Sea Ship Attacks BlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives Push Hertz to Sell 20,000 EVs in Shift Back to Gas-Powered Cars Citi to Cut 20,000 Roles in Fraser's Bid to Boost Returns Ardonagh is seeking as much as $5 billion to help refinance debt, re-organize its balance sheet and fund fresh acquisitions. The firm is well-known in the rapidly-expanding market, having secured what was then the biggest-ever loan from a group of private credit funds in 2020. The company has also spoken to banks about potential financing options outside of the private credit market, some of the people said. It counts HPS Investment Partners and Madison Dearborn Partners as significant shareholders. Spokespeople for both firms didn't immediately respond to requests for comment. Ardonagh declined to comment. Read more: HPS-Backe
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