Legends in Talks With Private Lenders to Finance ASM Acquisition

Date:

Legends Hospitality is in talks with private credit firms to finance its potential acquisition of venue and events management company ASM Global, according to people with knowledge of the matter.

Sixth Street Partners-backed Legends has been in discussions with lenders including Apollo Global Management Inc., KKR & Co. and Oaktree Capital Management over the financing package, which would include a loan of around $1.5 billion, said the people, who asked not to be named because theyā€™re not authorized to speak publicly. Part of the proceeds would be used to refinance existing debt, the people said.

Share post:

Subscribe

Popular

More like this
Related

GroundingTime Unveils Bamboo Fiber Grounding Bedding

Health-tech brand GroundingTimeĀ has launched its next-generation bamboo fiber grounding...

ResetData Partners with NVIDIA to Launch AI Factories and Marketplace, Accelerating On-Demand AI Innovation in Southeast Asia

ResetData, a next-generation cloud services provider, has announced a...

UK has best chance to overturn tariffs, says Reynolds

Joshua NevettPolitical reporterBBCThe UK is best-placed to eventually overturn...