- Partners Group is using parts of its loan documentation to block opportunistic hedge funds from buying the debt of Emeria, Ammega and Breitling.
- The Zug-based alternative manager is refinancing around €6 billion ($6.7 billion) of debt owed by some of its most troubled companies.
- All three portfolio firms have billions of euros of debt coming due in 2028.
- The company is accepting the risk of a smaller buyer pool as the loan prices of these firms fall.
Quotes
“Swiss private equity firm Partners Group Holding AG is stopping hedge funds from disrupting its efforts to refinance around €6 billion ($6.7 billion) of debt owed by some of its most troubled companies”