Who is funding the deal
Oakley Capital has arranged a €450 million debt package to help fund its acquisition of Global Loan Agency Services. People familiar with the transaction said a six-lender group is providing the money, with Blackstone Inc. leading the syndicate and Hayfin identified as the next biggest lender.
How the loan is structured and priced
The financing is set at 500 basis points over Euribor, according to people with knowledge of the terms. It combines cash provided at close via a drawn loan with an additional undrawn line that can be tapped later.
The backstory and what we didn't hear
Oakley pulled the financing together through its in-house capital markets team rather than hiring an outside adviser.
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Why this matters for your money
GLAS, based in London, administers $920 billion in assets. That scale helps explain why lenders lined up a sizable and flexible package. For anyone tracking private credit's growing role in buyouts, the mix of six lenders, the 500-basis-point spread, and the drawn plus undrawn setup offer a clear snapshot of how big deals are getting financed right now.
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