BlackRock in talks for $45M private credit to Udaan as part of $160M rescue package
BlackRock is negotiating ~$45M in private credit toward a $160M financing for distressed Indian B2B e-commerce platform Udaan, blending equity, debt and conversion. The deal reportedly helped Udaan avert Singapore insolvency proceedings, with participants including Nomura, Temasek, DBS Bank and others.
BlackRock is in talks to provide ~$45M private credit to distressed Indian B2B e-commerce platform Udaan, part of a $160M rescue package combining equity, debt and conversion that helped avoid a Singapore insolvency proceeding.