Clearlake Capital is close to finalizing a $5.5 billion private debt deal to support its acquisition of Dun & Bradstreet (DNB), Bloomberg reported, citing people familiar with the matter.
The financing is led by Ares Management (ARES) and includes a $5 billion funded term loan and a $500 million revolving credit facility.
The loan reportedly pays 5.5 percentage points over the secured overnight financing rate and was issued at $0.99.
Morgan Stanley (MS), Clearlake Capital Markets, Golub Capital, and Blue Owl Capital were arrangers for the debt transaction, according to the report Wednesday.
Clearlake declined MT Newswires' request for comment, while Morgan Stanley, Dun & Bradstreet, Golub, and Blue Owl did not immediately respond.
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