Blackstone-led group provides $5bn of debt for Zendesk ...Qatar

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A group of direct lenders led by Blackstone Inc is providing about $5bn of debt to help fund the leveraged buyout of software maker Zendesk Inc, according to people with knowledge of the matter. The financing for the acquisition of the company led by Hellman & Friedman and Permira includes a $3.75bn term loan and a $350mn revolving credit facility, according to a filing on Friday. It also includes a loan of $750mn to $1bn that can be drawn at a later date, according to the people, who asked not to be identified discussing a private transaction. The lender group also includes Apollo Global Management Inc, Blue Owl Capital and HPS Investment Partners, the people said. Blue Owl is acting as a

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Last updated : 25 June 2022 clock 09:52 PM

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Blackstone-led group provides $5bn of debt for Zendesk ...Qatar

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