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.
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