HPS Investment Partners and a consortium of lenders are close to acquiring over $2.2 billion in buyout debt that has been stagnant on bank balance sheets since earlier this year due to market disruptions caused by tariff proposals from the Trump Administration.

Editor’s Note: This deal is significant as it reflects a recovery in the debt market and could provide liquidity to banks that have been holding onto this debt. It also highlights the ongoing impact of political decisions on financial markets.