Ares, HPS Line Up $3 Billion Debt for Carlyle's Baxter Unit Bid

By Yahoo! Finance | Jul 23, 2024 at 01:18 PM EST

Direct lenders, including Ares and HPS, are providing a $3 billion credit facility for Carlyle Group's potential purchase of Baxter International's kidney-care division. The financing includes a unitranche loan and revolver, with Oaktree also involved.

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