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Huge debt package for information-services joint venture works the ratchet of loosening lender protections
Blackstone is raising one of the biggest buyout debt packages and in a frothy market for risky credit it is further pushing boundaries.
The private-equity giant needs $13.5 billion in loans and bonds to back the $17 billion joint-venture buyout of Thomson Reuters’ financial information business, to be renamed Refinitiv. The deal is due to complete next month.