Private Credit Lends Extra $400 Million to Software Firm Enverus

Private credit lenders have provided a more than $400 million delayed draw term loan for Blackstone Inc.’s Enverus after supplying roughly $3 billion in December, according to people familiar with the matter.

Blackstone, which agreed to buy the energy data platform in August, was part of a group of lenders that includes Ares Management Corp., Oaktree Capital Management, Thoma Bravo, HPS Investment Partners and Antares Capital, said the people, who asked not to be identified discussing private information.