Market Chatter: Ares Leads $1.7 Billion Private Credit Financing for Software Firm EG

MT Newswires Live
Yesterday

Ares Management (ARES) is leading a roughly 1.4-billion-euro ($1.66 billion) private credit loan package for Scandinavian software firm EG, Bloomberg News reported Friday, citing people familiar with the matter.

The lender is working with Park Square Capital, Sumitomo Mitsui Banking and others on the debt package, which is said to include a credit line for future acquisitions, the unnamed sources told the news outlet.

Ares declined to comment, while EG didn't immediately respond MT Newswires' request for comment.

(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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