Blackstone, Starwood to Lend $2.5 Billion for Bourne Buyout
- Two private credit providers will split financing for deal
- Bourne owns the iconic British holiday operator Butlins
Blackstone Group headquarters in New York.
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Blackstone Group Inc’s credit unit and Starwood Capital Group LLC will provide 1.8 billion pounds ($2.5 billion) in debt financing for the investment firm’s acquisition of a British holiday company, according to a person familiar with the transaction.
The two private credit providers will split the financing equally for Blackstone’s buyout of Bourne Leisure Holdings Ltd, said the person, who declined to be identified because the details are private. The company owns the iconic British holiday operator Butlins.