Blackstone, Vista Seek Private Credit for Energy Exemplar Buyout

Blackstone Inc. and Vista Equity Partners are in talks with private credit lenders to finance their purchase of simulation-software firm Energy Exemplar, according to people with knowledge of the matter.

The duo is having discussions with direct lenders for a roughly $350 million debt package that would be structured as a recurring revenue loan, said the people, who asked not to be identified as the details are private. Early pricing discussions are around at least 6.25 percentage points above the Secured Overnight Financing Rate, though that may change, they said.

Blackstone and Vista Equity declined to comment while Energy ...