Market Chatter: Blackstone-Led Lenders Plan $100 Million Capital Injection Into Medallia
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A group of private credit investors led by Blackstone plans to inject at least $100 million into Medallia as part of a restructuring that would transfer control of the software company to lenders. The plan involves converting a significant portion of Medallia's $2.8 billion loan into equity to alleviate its debt burden. This restructuring could eliminate approximately $5 billion of equity invested by Thoma Bravo and its co-investors since 2021. Terms are still being negotiated, and a final agreement may take weeks.
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