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Update: Market Chatter: Ares Among Syndicate Providing $3 Billion Credit to Finance Carlyle's Bid for Baxter Unit
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Update: Market Chatter: Ares Among Syndicate Providing $3 Billion Credit to Finance Carlyle's Bid for Baxter Unit
Jul 23, 2024 11:01 AM

01:33 PM EDT, 07/23/2024 (MT Newswires) -- (Updates with Ares Management ( ARES ) declining to comment in the last paragraph.)

Ares Management ( ARES ) and HPS Investment Partners are among a group of direct lenders providing a $3 billion credit facility to finance Carlyle Group's ( CG ) potential bid for Baxter International's ( BAX ) kidney-care unit, Bloomberg reported Tuesday.

The debt package would include a $2.5 billion unitranche loan and a $450 million revolver, people familiar with the matter reportedly told Bloomberg.

Ares declined to comment, while HPS and Carlyle did not immediately respond to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 150.41, Change: -0.38, Percent Change: -0.25

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