Blackstone Nears $800 Million Private Credit Deal for Justrite

Blackstone Inc. is nearing a deal to provide more than $800 million in private credit financing for Justrite Safety Groupafter the safety-products maker withdrew a leveraged loan sale, according to a person with knowledge of the matter.

Justrite’s seven-year loan is expected to price at 4.75 percentage points over the US benchmark, and the deal includes a delayed-draw term loan, said the person, who asked not to be identified discussing a private matter. Justrite had been discussing a roughly $700 million private credit package last month.

A representative for Blackstone declined to comment. A representative for Justrite’s owner Audax ...