Ares Management Corp. is leading a $2.2 billion direct loan to help finance a healthcare services acquisition, in one of the biggest deals since the private credit market was roiled by record redemptions this year. The loan will support pharmacy benefits manager MedImpact Holdings Inc.’s planned purchase of Medical Card System, Inc., a Puerto Rico-based healthcare services company, according to people with knowledge of the matter. The loan could pay at least 8 percentage points over the benchmark rate, the people said, asking not to be identified discussing a private transaction.
Read the full article: Ares Eyes $2B Loan Deal in Slow Year for Private Credit //
Source: https://finance.yahoo.com/markets/stocks/articles/ares-eyes-2-billion-loan-175609130.html