Blackstone Inc.’s credit and insurance arm provided a $650 million private debt package to
The refinancing returned capital to Greenbelt investors and included a portability feature, which gives the private equity firm flexibility if it chooses to sell the business down the line, said the person, who asked not to be identified discussing private information. Blackstone served as the sole lender on the transaction.
Representatives for Blackstone and Greenbelt declined to comment.
Blackstone is among firms looking ...