BMO-led $775 Million Pellera Loan Deal Faces Heavy Discounts

1 sourceFirst reported 1 month agoUpdated 1 month ago

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The BMO-led loan deal totals $775 million for Pellera Technologies.
Investors are requiring significant discounts to purchase the debt.
This debt has been held by banks since financing a leveraged buyout over a year ago.
Pellera Technologies is backed by HIG Capital, which emphasizes the deal's complexity.
Market conditions have worsened, making the debt less attractive.

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BMO-led $775 Million Pellera Loan Deal Comes at Steep DiscountBloomberg · 1 month ago

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AI summary: catch up in 20 seconds

The BMO-led loan deal totals $775 million for Pellera Technologies.
Investors are requiring significant discounts to purchase the debt.
This debt has been held by banks since financing a leveraged buyout over a year ago.
Pellera Technologies is backed by HIG Capital, which emphasizes the deal's complexity.
Market conditions have worsened, making the debt less attractive.

Generated by AI from the 1 sources below · always verify with the originals