Blackstone Leads $2 Billion Private Loan for Data Center Firm

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Blackstone Inc. led a roughly $2 billion financing package to Park Place Technologies to refinance the company’s debt and to fund a payout to its private equity owners, according to people with knowledge of the matter.

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Blackstone Plans $1 Billion-Plus Loan Backed by Flagship BetsBlackstone Inc. intends to borrow more than $1 billion against investments in an older private equity fund as a once-unorthodox form of lending gains traction among the biggest money managers.
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