BlackRock’s Alacrity in Restructuring Talks With Private Lenders

Alacrity Solutions has entered into restructuring talks with its private credit lenders less than two years after the insurance claims manager was acquired by BlackRock Inc., according to people with knowledge of the matter.

The company’s debt load includes roughly $1 billion in unitranche financing from Antares Capital, Blue Owl Capital Inc., KKR & Co. and others, said the people, who asked not to be named discussing a private transaction. Alacrity also has a mezzanine loan from Goldman Sachs Asset Management. The debt was already in place when BlackRock bought the company from Kohlberg & Co ...