Blackstone launches $5.5 bln F&R bridge loan: Reuters
Blackstone Group has launched a US$5.5 billion bridge loan to support the pending bond issuance for its acquisition of a majority stake in Thomson Reuters’ Financial and Risk division (F&R), Reuters reported. The bridge loan is separate from a US$8 billion-equivalent term loan B portion of Blackstone’s US$13.5 billion loan and bond financing, which is also being shown to large institutional investors. The financing package supports Blackstone’s US$20 billion buy of a 55 percent stake in the Thomson Reuters unit.
26 June 2018•2 mins read
