Realty Data Firm CoreLogic To Sell $4 Billion Buyout Loan

Real estate data firm CoreLogic Inc. is set to sell the largest acquisition-related loan in over a year as borrowers continue to take advantage of insatiable demand from yield-starved investors. CoreLogic, known in the real es

BY Realty Plus
Published - Tuesday, 13 Apr, 2021

Realty Data Firm CoreLogic To Sell $4 Billion Buyout Loan

Real estate data firm CoreLogic Inc. is set to sell the largest acquisition-related loan in over a year as borrowers continue to take advantage of insatiable demand from yield-starved investors. CoreLogic, known in the real estate industry for its home-price indexes, plans to sell a $4 billion offering to help finance its buyout by Stone Point Capital and Insight Capital. It’s the largest acquisition-related loan since Zayo Group Holdings Inc. issued a $4.75 billion deal in February 2020. CoreLogic’s loan commitment deadline is among about a dozen due next week while two lender meetings are on deck. Acquisition financing is booming and expected to gather steam as the economic outlook brightens. Apollo Global Management sold $4.1 billion in bonds and loans to help finance its acquisition of arts and crafts retailer Michaels Cos. this week.