03:03 PM EDT, 09/11/2025 (MT Newswires) -- Blackstone (BX) is progressing an $800 million deal in private credit financing for safety products manufacturer Justrite Safety Group, Bloomberg reported Thursday, citing a source with knowledge of the matter.

Justrite's seven-year loan is anticipated to have an interest rate of 4.75 percentage points over the US benchmark and includes a delayed-draw term loan, the source told Bloomberg.

The safety products manufacturer had earlier cancelled a bank-led loan from the syndicated market after receiving lackluster interest from leveraged loan investors, according to the report.

Justrite, its owner Audax Private Equity, and Blackstone did not immediately reply to requests for comment from 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.)

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