IDG restructures its private credit debt
- Shubham Saharan
- +Rachel Butt
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.