Ares Leads $2.2 Billion Direct Lending to Support Healthcare Acquisition

1. 1Ares Management (ARES) is leading a $2.2 billion direct lending facility to support a healthcare services acquisition.
2. 2The loan backs Medical Card System's acquisition by MedImpact Holdings and may carry terms of at least 8 percentage points above the benchmark rate with second-lien collateral.
3. 3It ranks among the largest deals of the year in the $1.8 trillion private credit market following this year's wave of major buybacks in the private loan space.

Source Bloomberg +1 · View original ↗

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