Blackstone is in talks with private credit lenders to secure $2.8 billion in financing for Encore Group USA LLC to address upcoming debt maturities.
![From Left: Kenneth Caplan, Kathleen McCarthy and Jonathan Gray. PHOTO: FORTUNE/Blackstone](https://krugmaninsights.com/wp-content/uploads/2023/11/BLA03.20.Blackstone-scaled-e1700581386669.jpg)
The financing package might include a $2.3 billion unitranche, combining junior and senior debt typically provided by direct lenders. Sources indicate that the lenders are considering pricing the facility at 5 percentage points above the Secured Overnight Financing Rate, with a