Debt - Equity Swap
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Private Credit Firms to Swap Debt for Equity in Stressed 48Forty
MINT· 2025-11-20 18:35
Private credit lenders are poised to take control of pallet company 48Forty Solutions, about a year after providing $1.75 billion of debt to support Summit Partners’ acquisition of the business, according to people with knowledge of the matter.A group of lenders including Antares Capital are set to take equity in 48Forty under a proposed restructuring slated to close by the end of the year, said the people, who asked not to be identified discussing private information. Other lenders include KKR & Co., Black ...