03:11 PM EDT, 09/12/2025 (MT Newswires) -- Blue Owl Capital (OWL) and Oak Hill Advisors are leading a group of private credit firms to provide $1.3 billion of debt to residential services firm Wrench Group, Bloomberg reported Friday, citing sources with knowledge of the matter.

The debt, which includes a term loan, a delayed-draw loan, and a revolving credit facility, will replace Wrench's bank financing, according to the report.

The term loan's interest rate is set at 4.75% above the US benchmark interest rate and issued at a discount of 99 cents on the dollar, the sources told the news outlet.

Blue Owl, Oak Hill, and Wrench 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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