Alacrity Solutions is currently in discussions with its private credit lenders regarding a restructuring plan. This comes after the company was acquired by BlackRock Inc. less than two years ago.
Alacrity is facing a significant debt burden, including around $1 billion in unitranche financing from notable firms such as Antares Capital, Blue Owl Capital Inc., and KKR & Co. Additionally, the company has a mezzanine loan from Goldman Sachs Asset Management.
It is important to note that this debt existed prior to BlackRock's acquisition of Alacrity from Kohlberg & Co. in February 2023. These ongoing negotiations highlight the challenges Alacrity is facing in managing its financial obligations in a complex lending landscape.