'Ares, HPS Line Up $3 Billion Debt for Carlyle's Baxter Unit Bid' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Ares Management Corp. and HPS Investment Partners are arranging $3 billion in debt financing to support Carlyle Group's bid for a unit of Baxter International Inc.
July 23, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ares Management Corp. is providing $3 billion in debt financing for Carlyle Group's bid for a Baxter International unit.
Ares Management's involvement in a significant financing deal could positively impact its stock price due to the potential for future revenue from interest and fees.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baxter International is the target of a $3 billion debt-financed bid by Carlyle Group, supported by Ares Management and HPS Investment Partners.
The potential sale of a unit could positively impact Baxter's stock price as it may lead to a more focused business strategy and potential cash influx.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Carlyle Group is bidding for a unit of Baxter International with $3 billion in debt financing arranged by Ares Management and HPS Investment Partners.
Carlyle Group's bid for a Baxter unit, supported by significant debt financing, could positively impact its stock price due to potential growth and expansion opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90