Ares Leads €1.4 Billion Private Credit Loan Package for EG

Ares Management Corp. is leading a private credit financing of about €1.4 billion ($1.7 billion) for Scandinavian software business EG A/S, people with knowledge of the matter said.

The private credit heavyweight is partnering with other lenders including Park Square Capital and Sumitomo Mitsui Banking Corp. to provide the debt package, which includes a line of credit for future acquisitions, said the people, who requested anonymity when discussing private matters.