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enterprise Finance

Blue Owl Capital Leads Loan for $6.5 Billion New Relic Buyout

By
Maria Heeter
· · Source: The Information

Blue Owl Capital led an annual recurring revenue loan as part of TPG and Francisco Partners’ $6.5 billion buyout of web tracking and analytics company New Relic, according to a person with direct knowledge of the matter. The debt financing for the private equity firms’ purchase of New Relic was mostly composed by direct lenders, the person said. It’s a sign private credit investors still have...

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