Apollo, Blackstone Lead $4 Billion Loan for Boeing Unit (2)

Private lenders led by Apollo Global Management Inc. and Blackstone Inc. are providing a $4 billion loan to support Thoma Bravo’s acquisition of Boeing Co.’s flight navigation unit and other digital assets, according to people with knowledge of the deal.

The seven-year financing will carry an interest rate of 4.75 percentage points over the benchmark rate, said the people, who asked not to be identified discussing a private transaction. Apollo and Blackstone are the largest lenders with allocations of equal size, they added.

WATCH: The private equity firm Thoma Bravo bought Boeing’s flight navigation unit for nearly $11 billion dollars. Thoma Bravo Managing Partner Holden Spaht joined “Wall Street Beat” on “Bloomberg Open Interest” to talk about the deal and what’s next for the unit.

Source: Bloomberg

Other lenders involved include Ares Management Corp., Blue Owl Capital Inc., KKR ...