Blackstone, Ares Provide $3.6 Billion for Park Place Buyout

Lenders including Blackstone Inc. and Ares Management Corp. are providing roughly $3.6 billion of private debt to help finance Warburg Pincus’ acquisition of Park Place Technologies, according to people with knowledge of the matter.

The private equity firm is merging Park Place, a data center services firm, with its existing portfolio company Service Express, according to a statement on Wednesday.

The debt deal includes $2.9 billion unitranche loan, a $300 million delayed-draw term loan and a $400 million revolving credit facility, said the people, who asked not to be identified discussing private information. The deal priced at ...