BMO reworks loan deal for Warburg's Everise stake after buyers balk at $425 million loan. TLB reduced to $250mm, rest is a TLA. TLB priced at S+6 with low 90s OID, wider than before. via Carmen Arroyo and Jeannine Amodeo
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Blackstone has provided a more than $1 billion private credit loan package for cybersecurity firm BeyondTrust, Carmen Arroyo and John Sage report for Bloomberg.
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A bond market that’s supposed to cut risk just got upended by a surprise call bloomberg.com/news/articles/… via Bloomberg Markets Carmen Arroyo

Castlelake, which has about $22 billion in assets under management, is exploring options including a sale trib.al/uqelDdD

Castlelake, a firm with $22 billion in assets under management, is exploring options including a sale.

New w/ Carmen Arroyo ⬇️

bloomberg.com/news/articles/…

Castlelake, which has about $22 billion in assets under management, is exploring options including a sale, Gillian Tan and Carmen Arroyo report for Bloomberg. bloomberg.com/news/articles/…

IMPACT.

About a week after we published the story below, the VA asked mortgage servicers to pause foreclosing on veteran homeowners.

For over six months.

A huge reprieve for veterans facing foreclosure.

Read here: bloomberg.com/news/articles/…

w/ Polly & Ann Choi 최주연

#scoop : media titan Byron Allen is weighing options about a potential deal for some TV stations owned by E.W. Scripps, seeking private debt to pay for the purchase, sources tell myself alongside @arroyonieto + reshmi basu

Dating app Grindr is working with JPMorgan to refinance a private loan with lenders including Fortress Investment Group, according to people familiar with the matter. trib.al/7cohBmn

Scoop w/ Carmen Arroyo: Grindr is working with JPMorgan to refinance a private loan with lenders including Fortress Investment Group, according to people familiar with the matter. bloomberg.com/news/articles/… via Bloomberg Markets

Private credit’s success is creating a $500 billion headache: finding a home for all the money that’s been raised trib.al/ps12KP3

Private credit’s success is creating a $500 billion headache: finding a home for all the money that’s been raised trib.al/S1KngZz

Private credit’s success is creating a $500 billion headache: finding a home for all the money that’s been raised bloomberg.com/news/articles/… via Bloomberg Markets Katharine Hidalgo
Carmen Arroyo

Bank of Montreal is exploring the sale of an RV loan portfolio.

Story with Carmen Arroyo Paula Sambo Sridhar Natarajan Matt Monks 👇 $BMO

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KKR has tapped a group of private credit firms led by Blue Owl for a $2.3 billion loan to recapitalize PetVet. Scoop machines ⁦Carmen Arroyo⁩ & ⁦Paula Seligson⁩ have all the details. bloomberg.com/news/articles/…

KKR is nearing a deal with a group of private credit lenders to refinance the entire debt load of its portfolio company PetVet Care Centers trib.al/Nfg6ZaC

Through a decade of low rates, bankers turned CLOs from niche securitizations into a capital markets pillar. Now, much of the industry is shrinking, Lisa Lee, Carmen Arroyo and Neil Callanan report for Bloomberg. bloomberg.com/news/articles/…

KKR is nearing a deal with a group of private credit lenders to refinance the entire debt load of its portfolio company PetVet Care Centers, people with knowledge of the matter told Carmen Arroyo and Paula Seligson for Bloomberg. bloomberg.com/news/articles/…

Banks are reviving the sale of credit-linked notes, a type of synthetic securitization that’s been relatively uncommon in the US since the financial crisis, ahead of new rules that will require them to hold more regulatory capital. Carmen Arroyo Paula Sambo bloomberg.com/news/articles/…