Banks Provide $1 Billion of Debt for Blackstone’s Cvent Deal

Bankers have provided committed debt financing of $1 billion to support Blackstone Inc.’s acquisition of Cvent Holding Corp., according to a regulatory filing.

The financing includes a $900 million term loan and a $100 million revolving credit line from Morgan Stanley, UBS Group AG and Citizens Financial Group Inc., according to the filing Wednesday.

Representatives for Blackstone, Cvent and the banks didn’t immediately respond to requests for comment.

The private equity firm agreed to take Cvent, which makes event management software, private in a deal that gave the company a $4.6 billion enterprise value. The ...