Business & Finance
Private Credit Lenders Eye $1.3 Billion Loan for Fullscript
Key Points
Private Credit Lenders Eye $1.3 Billion Loan for Fullscript A group of private credit lenders is in talks to provide a $1.3 billion loan to finance L Catterton’s acquisition of healthcare platform Fullscript, after the deal was unable to drum up enough interest in the leveraged loan market. The acquisition is expected to close Tuesday, according to people with knowledge of the matter. A group of banks led by Morgan Stanley had underwritten the debt, meaning they are on the hook to fund the...
Private Credit Lenders Eye $1.3 Billion Loan for Fullscript
A group of private credit lenders is in talks to provide a $1.3 billion loan to finance L Catterton’s acquisition of healthcare platform Fullscript, after the deal was unable to drum up enough interest in the leveraged loan market.
The acquisition is expected to close Tuesday, according to people with knowledge of the matter. A group of banks led by Morgan Stanley had underwritten the debt, meaning they are on the hook to fund the transaction, the people said, asking not to be identified discussing private information. The direct lending option would replace the banks’ commitments.