TPG (TPG)-funded school operator XCL Education has secured a $400 million, five-year private credit loan targeted at refinancing its existing debt, Bloomberg reported Friday, citing sources familiar with the matter.
The loan was funded largely by Apollo Global Management (APO), while Partners Group, Deutsche Bank (DB), and Nomura Holdings (NMR) also participated, the sources told the news outlet.
XCL Education, TPG, Apollo Global Management, Partners Group, Deutsche Bank, and Nomura Holdings 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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