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Apollo, Blackstone Lead $4 Billion Loan for Boeing Unit
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Private lenders led by Apollo Global Management Inc. and Blackstone Inc. are providing a $4 billion loan to support Thoma Bravo’s acquisition of Boeing Co.’s flight navigation unit and other digital assets, according to people with knowledge of the deal.
The seven-year financing will carry an interest rate of 4.75 percentage points over the benchmark rate, said the people, who asked not to be identified discussing a private transaction. Apollo and Blackstone are the largest lenders with allocations of equal size, they added.