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Blackstone-Led Creditors Take Over Ailing Software Firm Medallia

Blackstone-Led Creditors Take Over Ailing Software Firm Medallia
Bloomberg Markets Wednesday 17 June 2026, 10:30 UTC By Preeti Singh 1 min read
Key Points

Blackstone-Led Creditors Take Over Ailing Software Firm Medallia Medallia Inc. is being taken over by a group of creditors led by Blackstone Inc. after its owner Thoma Bravo said it wasn’t going to inject fresh cash into the ailing software-as-a-service company. Blackstone, Apollo Global Management Inc. and FS KKR Capital Corp. will invest $150 million of new capital into the software firm, in a deal that will significantly curb its debt, Medallia said in a statement Wednesday. The software...

Blackstone-Led Creditors Take Over Ailing Software Firm Medallia Medallia Inc. is being taken over by a group of creditors led by Blackstone Inc. after its owner Thoma Bravo said it wasn’t going to inject fresh cash into the ailing software-as-a-service company. Blackstone, Apollo Global Management Inc. and FS KKR Capital Corp. will invest $150 million of new capital into the software firm, in a deal that will significantly curb its debt, Medallia said in a statement Wednesday. The software maker will use the freed-up capital and $500 million it has already committed to accelerate its artificial intelligence efforts, according to the statement.
Blackstone-Led Creditors Take Over Ailing Software (ORG) Medallia Blackstone- (PERSON) Medallia Medallia Inc. (ORG) Blackstone Inc. (ORG) Thoma Bravo (PERSON) Blackstone (ORG) Apollo Global Management Inc. (ORG) FS KKR Capital Corp. (ORG) Medallia (ORG)
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