Squarespace, Inc.
Permira Lines Up $2.65B Private Credit Loan From Blackstone, Blue Owl & Ares To Finance $6.9B Squarespace Buyout
Mon 05/13/2024 16:09 PM
A group of private credit funds, including Blackstone, Blue Owl and Ares, are leading a $2.65 billion loan backing private equity firm Permira’s $6.9 billion take private of website-builder company Squarespace, according to sources.
Pricing for Squarespace’s $2.65 billion loan is expected to be around SOFR+500 bps, according to sources.
Permira today announced the acquisition, which, including debt, is valued at $6.9 billion on an enterprise...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.