02:40 PM EDT, 09/10/2025 (MT Newswires) -- Blackstone (BX) and Ares Management ( ARES ) are among companies supplying approximately $3.6 billion in private financing to support Warburg Pincus' purchase of Park Place Technologies, Bloomberg reported Wednesday, citing people familiar with the matter.

The financing package consists of a $2.9 billion unitranche loan, a $300 million delayed-draw term loan, and a $400 million revolving credit line, carrying an interest rate of 4.5 percentage points above the U.S. benchmark rate, according to the report.

The sources said Ares is acting as the administrative agent for the loan, whereas Blackstone was a key lender on Park Place's previous debt.

Warburg will merge Cleveland-based Park Place with its portfolio company Service Express, with Temasek taking a minority stake in the combined business, which will continue under the Park Place name, the report said.

Blackstone, Ares Management ( ARES ), did not immediately reply to MT Newswires' request for comment.

Blackstone shares were up 2.4% while Ares Management ( ARES ) shares were gaining 1.8% in recent Wednesday trading.

(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.)

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