Banks and Private Credit Vie for €6.5 Billion Adevinta Deal (1)

Banks and direct lenders are working on proposals to provide as much as €6.5 billion ($6.8 billion) in debt for Adevinta ASA, an online classifieds group.

The firm’s private equity sponsors Blackstone Inc. and Permira are reviewing a range of options, people with knowledge of the matter said. In any of them, the bulk of proceeds would be used to refinance or reprice Adevinta’s existing €4.5 billion of debt, the people said, asking not to be identified discussing private matters.

The company is also considering raising a new portion of as much as €2 billion, which may be used ...