The Bad PlaceBloomberg Technology | CDK Debt Prices Splinter After Failed Challenge to Creditor Pact by Reshmi Basu
AI generated summary, Read the full article for complete information.
At Brookfield Business Partners‑backed CDK Global, a rare attempt by one group of creditors to challenge another has disrupted the market for the software firm’s roughly $5.5 billion debt. Late last week a faction of CDK’s creditors tried to forge a “cooperation pact” to counter an existing coalition of lenders that includes Pacific Investment Management Co., BlackRock Inc. and Blackstone Inc., according to sources.
#ReshmiBasu #Brookfield #CDKGlobal #PacificInvestment #BlackRock