04:15 PM EDT, 08/22/2025 (MT Newswires) -- Blackstone (BX) has been approached by Justrite Safety, as the safety products maker is seeking around $700 million in debt financing from private credit lenders after struggling with broadly syndicated market, Bloomberg reported Friday, citing people familiar with the matter.

Audax Private Equity, which owns Justrite Safety, reached out to direct lenders including the world's largest alternate asset manager, according to the report.

Earlier this month, Citizens Financial Group ( CFG ) helped market a $595 million term loan and an additional $100 million delayed-draw loan for Justrite to support debt refinancing and potential acquisitions. However, weak investor demand led to withdrawal of the loan last week.

Justrite has a $570 million loan due in June 2026, the report said.

Blackstone did not immediately respond to MT Newswires' request for comment. Justrite could not be reached.

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