Loparex Sounds Out Private Credit Firms for Up to $1.5 Billion

Loparex has sounded out private credit investors for new debt to refinance its existing borrowings, nearly two years after the firm completed a distressed exchange amid weak demand and high interest costs.

The company is seeking as much as $1.5 billion of debt to refinance its first-and second-lien loans, according to people familiar with the matter who asked not to be identified discussing private information.