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Market Chatter: Blackstone, KKR Lead $1.4 Billion Debt Restructuring for Dental Services Company

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Blackstone (BX) and KKR (KKR) are leading a $1.4 billion debt restructuring for dental services company Affordable Care, Bloomberg said Wednesday, citing people familiar with the matter.

Blackstone holds the largest portion of the company's senior debt, and Blackstone Private Credit Fund has slashed the value of the private credit loan to 69.8 cents on the dollar as of March 31, the report said.

Blackstone and KKR did not immediately respond to requests for comment from to.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $130.50, Change: $+2.00, Percent Change: +1.55%

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