Blackstone acquisition loan for Mphasis pulls in seven

Blackstone
By Shruti Chaturvedi
04 Oct 2016

Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.

The facility, which was underwritten equally by three original mandated lead arrangers and bookrunners, has been allocated. Among the OMLABs, ING retained $50m, Deutsche Bank $40m and Standard Chartered $30m. They signed the facility in April.

The borrowing was opened to senior lenders the same month. ...

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