Reported about 1 month ago
Blackstone Inc. is reportedly pivoting from private credit funds to banks for financing its proposed buyout of AirTrunk, seeking a comprehensive A$5.5 billion package from major banks like Citigroup, DBS, and Deutsche Bank. The shift emphasizes banks' competitive edge offering lower interest rates compared to private credit funds. This comes as Blackstone plans to roll over A$7 billion in existing loans for AirTrunk, further indicating the banks' dominance in the region's financing landscape.
Source: YAHOO