Blackstone Leads £1.5 Billion Private Credit Deal for JTC Buyout

Blackstone Inc. is leading a £1.5 billion ($2 billion) private credit package for Permira’s buyout of JTC Plc, according to regulatory filings.

The private capital giant is joined by CVC Credit and Singapore’s GIC, which are also providing significant amounts. Others involved in the deal include Oak Hill Advisors, Blue Owl Capital, Canada’s Public Sector Pension Investment Board and Jefferies.

The debt is made up of £1.1 billion worth of senior loans, plus a delayed draw term loan and a revolving credit facility worth £250 million and £150 million respectively. The drawn debt is broken ...