Business

Private Credit Firms to Swap Debt for Equity in Stressed 48Forty(Soban News)

Private credit lenders are poised to take control of pallet company 48Forty Solutions, about a year after providing $1.75 billion of debt to support Summit Partners’ acquisition of the business, according to people with knowledge of the matter.

​Private credit lenders are poised to take control of pallet company 48Forty Solutions, about a year after providing $1.75 billion of debt to support Summit Partners’ acquisition of the business, according to people with knowledge of the matter. by Soban News (international And National News)

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