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HPS, Blue Owl Fund GTCR's SimpliSafe Buyout with Private Debt
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
Photo by Luiza Giannelli on Unsplash
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Key takeaways
- HPS Investment Partners and Blue Owl Capital Inc
- are reportedly participating in a private credit package to finance GTCR's acquisition of residential security company SimpliSafe
- The financing includes a $1
HPS Investment Partners and Blue Owl Capital Inc. are reportedly participating in a private credit package to finance GTCR's acquisition of residential security company SimpliSafe.
The financing includes a $1.2 billion unitranche loan with a seven-year maturity. According to sources familiar with the deal, the debt is priced at a spread of 5 percentage points over the US benchmark rate.
Related Topics
private debtacquisition financeGTCRSimpliSafeHPS Investment PartnersBlue Owl Capitalmedtech
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