ManTech International Corp., a defense and cybersecurity contractor backed by Carlyle Group Inc., has decided to rework a $2.9 billion loan with private lenders rather than refinance it in the wider public loan market.
Existing private credit lenders including Blackstone Inc. approached Carlyle with an offer to reprice the debt after the private equity owner tried to refinance the credit into the broadly syndicated markets, according to people familiar with the matter, who asked not to be named because the information isn’t public.
Other lenders included Oak Hill Advisors, Crescent Capital, and Blue Owl Capital. ...
