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BMO-led $775 Million Pellera Loan Deal Comes at Steep Discount

BMO-led $775 Million Pellera Loan Deal Comes at Steep Discount
Bloomberg Markets Thursday 18 June 2026, 17:32 UTC By Jeannine Amodeo 1 min read
Key Points

BMO-led $775 Million Pellera Loan Deal Comes at Steep Discount Investors are demanding steep discounts to buy debt banks have been stuck holding since financing a leveraged buyout tied to Pellera Technologies, an HIG Capital-backed software company, for over a year. A group of lenders led by Bank of Montreal is offering a $775 million loan at an interest rate of 4.5 percentage points above the benchmark and a discounted price as low as 92 cents on the dollar, according to a person with...

BMO-led $775 Million Pellera Loan Deal Comes at Steep Discount Investors are demanding steep discounts to buy debt banks have been stuck holding since financing a leveraged buyout tied to Pellera Technologies, an HIG Capital-backed software company, for over a year. A group of lenders led by Bank of Montreal is offering a $775 million loan at an interest rate of 4.5 percentage points above the benchmark and a discounted price as low as 92 cents on the dollar, according to a person with direct knowledge of the matter. That’s one of the steepest discounts in the US leveraged-loan market this year. [Image text:] M Banque de Montreal BMO
BMO (ORG) Pellera Technologies (ORG) Bank of Montreal (ORG) US (LOCATION)
Originally published by Bloomberg Markets Read original →

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