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IDG restructures its private credit debt

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News and Analysis

IDG restructures its private credit debt

Shubham Saharan's avatar
Rachel Butt's avatar
  1. Shubham Saharan
  2. +Rachel Butt
•1 min read

Blackstone-owned International Data Group has finalized the restructuring of its existing debt with its private credit lenders, according to 9fin sources.

As a part of the restructuring, roughly 20% to 25% of the company’s debt was equitized, and some of it was structured as a PIK, sources said. The company initially had about $800m of debt, sources said.

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