HPS, Blue Owl Lend Private Debt for GTCR’s SimpliSafe Buyout (1)

HPS Investment Partners and Blue Owl Capital Inc. are among lenders providing a private credit package to support GTCR’s acquisition of residential security company SimpliSafe, according to people with knowledge of the deal.

The debt comprises a $1.2 billion unitranche loan that is being offered at a rate of 5 percentage points over the US benchmark and with a seven-year maturity, said the people, who asked not to be identified discussing private information.

SimpliSafe agreed to be acquired by GTCR from its existing private equity owner Hellman & Friedman, according to a statement on Monday. Bloomberg News ...