Ares Management (ARES) is looking for other lenders to support the $5.5 billion financing of Clearlake Capital Group's buyout of Dun & Bradstreet (DNB), Bloomberg reported Wednesday, citing people with knowledge of the matter.
The financing package consists of a $5 billion funded term loan and a $500 million revolving credit facility, according to the report.
Morgan Stanley (MS) is involved in the financing and is also seeking institutional investors to participate in the deal, Bloomberg said.
Ares Management didn't immediately respond to a comment request 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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