Private Credit Firms Near $2 Billion Debt Deal for Alteryx LBO
- Apollo, Blackstone, Blue Owl and Sixth Street are involved
- The proposed financing includes $1.8 billion term loan
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A group of private-credit firms that includes Apollo Global Management Inc. and Blackstone Inc. is close to finalizing a $2 billion debt package that will help finance the buyout of software developer Alteryx Inc. by Clearlake Capital and Insight Partners, according to people with knowledge of the matter.
Blue Owl Capital Inc. and Sixth Street Partners are also among the lenders involved in talks to participate in a $1.8 billion seven-year term loan, said the people, who asked not to be identified as the details are private. The debt is expected to be priced at around 6.5 percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar, they said.