PLZ Corp., a cleaning-products maker backed by PPC Partners, has refinanced its debt through private credit lenders. Ares Management and Antares Capital arranged the financing for the company. PPC Partners was originally founded by Illinois Governor JB Pritzker and his brother Anthony, members of the billionaire Pritzker family. The investment firm's backers include family groups and institutions worldwide. PLZ has been working with Houlihan Lokey to address its debt refinancing. Representatives for PLZ, PPC Partners, Ares and Antares declined to comment on the transaction.

Antares Capital has closed a $1.7 billion continuation fund led by Ares Management, marking its second such vehicle. The fund purchased assets from a closed-end private credit fund, comprising over 300 first-lien, floating-rate loans. Ares Credit Secondaries funds led the transaction alongside a commitment from Antares. The deal provides existing investors with liquidity options whilst offering new investors access to Antares' private credit portfolio. Antares, which manages approximately $90 billion in assets, will continue managing the continuation vehicle and underlying loans. The transaction represents the second continuation vehicle between Ares and Antares within the past year. Evercore served as lead financial adviser, with GreensLedge and Moelis & Company also advising on the deal. Ares cited the investment as demonstrating its scaled capital base and expertise across credit and secondaries markets.

Private credit lenders have provided a more than $400 million delayed draw term loan for Blackstone Inc.’s Enverus after supplying roughly $3 billion in December, according to people familiar with the matter.