Legends Hospitality is in talks with private credit firms to finance its potential acquisition of venue and events management company ASM Global, according to people with knowledge of the matter.
Sixth Street Partners-backed Legends has been in discussions with lenders including Apollo Global Management Inc., KKR & Co. and Oaktree Capital Management over the financing package, which would include a loan of around $1.5 billion, said the people, who asked not to be named because they’re not authorized to speak publicly. Part of the proceeds would be used to refinance existing debt, the people said.
