Clearlake Mulls Less Debt, More Equity for Dun & Bradstreet Deal

Clearlake Capital Group is in talks with both banks and private credit funds to replace short-term financing for its buyout of Dun & Bradstreet Holdings Inc. and potentially contribute more equity into the deal, according to people with knowledge of the matter.

The discussions with private lenders, including Ares Management Corp., center around a $5 billion loan that would pay about 5 percentage points over the US benchmark rate and be issued at a discounted price of 99 cents on the dollar, said the people, who asked not to be identified discussing confidential information.

The private equity firm is ...