Blackstone schedules Clarion cov-lite loans
Clarion Events is set to launch the loan funding for its acquisition by private equity firm Blackstone next week or soon after. The buyer also has funding for a deal to buy Paysafe in the pipeline.
Clarion will be marketing a £280m ($366.88m) term loan as part of the funding to support its buyout from Providence Equity Partners. Blackstone is paying £550m-£600m for the UK exhibitions organiser, sources told GlobalCapital in July.
Arrangers of the new credit facility will be HSBC
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