Ares Management Corp has led a group of private credit lenders in increasing the financing for health-care software platform Global Healthcare Exchange (GHX) as it is acquired by Veritas Capital, according to a report by Bloomberg.
The loan was upsized to around $1.6bn from an initial $1.3bn, leveraging a portability clause that allows existing debt to carry over during ownership changes, according to sources familiar with the deal.
Veritas agreed earlier this month to acquire a majority stake in GHX, joining existing investors Temasek and Warburg Pincus to support the company’s growth strategy.
The lenders also reduced the interest rate on the debt, lowering it from 4.75 percentage points above the base rate on the original 2024 loan. The acquisition is expected to close in the first quarter of 2026.
