Blackstone-Led Group Provides $5 Billion of Debt for Zendesk

A group of direct lenders led by Blackstone Inc. is providing about $5 billion of debt to help fund the leveraged buyout of software maker Zendesk Inc., according to people with knowledge of the matter.

The financing for the acquisition of the company led by Hellman & Friedman and Permira includes a $3.75 billion term loan and a $350 million revolving credit facility, according to a filing Friday. It also includes a loan of $750 million to $1 billion that can be drawn at a later date, according to the people, who asked not to be identified discussing a ...