Apollo Global Management (APO) and Blackstone (BX) are leading a group of private lenders providing a $4 billion loan in support of Thoma Bravo's acquisition of Boeing's (BA) flight navigation unit and other digital assets, Bloomberg reported Wednesday, citing people with knowledge of the matter.
The seven-year financing will carry an interest rate of 4.75 percentage points over the benchmark rate, the people told Bloomberg.
Apollo and Blackstone did not immediately reply to a request for comment from MT Newswires.
(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.)