Veritas Capital is currently looking to decrease its exposure to a private credit loan that was used to support Thoma Bravo's acquisition of Medallia Inc.
The firm has been in contact with direct lenders to assess their interest in purchasing a portion of the $1.8 billion loan.
This loan was arranged in 2021 by a consortium led by Blackstone Inc.
Despite its large size, the loan has not been traded since it was originated, and Veritas has not yet finalized any transactions related to it.
Ongoing discussions are taking place regarding the potential sale of the loan, but specific details remain confidential.