BMO-Led Group Seeks to Shed Stuck Debt for HIG’s Converge Buyout
BloombergTuesday, August 26, 2025 at 10:27:40 PM
NeutralFinancial Markets
A group of banks led by Bank of Montreal is attempting to relaunch a loan for HIG Capital's acquisition of Converge Technology Solutions. This comes four months after the banks had to fund the deal due to market disruptions caused by tariffs.
Editor’s Note: This situation is significant as it highlights the challenges in the financial markets, particularly how external factors like tariffs can impact major transactions. The outcome could influence future lending practices and market stability.
— Curated by the World Pulse Now AI Editorial System
