Veritas-Backed Anthology Hires PJT Partners as Adviser on Debt

Anthology Inc. named PJT Partners to advise the higher education software provider on its rising debt costs, according to people familiar with the situation, who asked not to be identified discussing a private matter.

• Veritas Capital Fund Management, the private equity backer of Anthology, in late 2021 placed a $140 million revolver that comes due in 2026, a $1.3 billion first lien loan maturing in 2028 and a $500 million second lien loan due 2029 to back a merger of Anthology with competitor Blackboard
• Messages left with Anthology and Veritas seeking comment weren’t returned, while a representative with PJT ...