Chamberlain Group plans new debt financing for buyout by Blackstone

By Sara Rosenberg

New York, Sept. 9 – Chamberlain Group LLC has a commitment for debt financing to help fund its acquisition by Blackstone from Duchossois Group Inc., according to a news release.

Wells Fargo, Barclays, Citigroup and Deutsche Bank provided the debt commitment.

The transaction values Chamberlain Group at approximately $5 billion.

Closing is expected by the end of 2021, subject to regulatory approvals and customary conditions.

Chamberlain Group is an Oak Brook, Ill.-based provider of smart access solutions across residential and commercial properties.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.