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BMO-Led Group Seeks to Shed Stuck Debt for HIG’s IT Buyout

Markets

Rachel Graf, Aaron Weinman

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August 26, 2025

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Bloomberg

A group of banks led by Bank of Montreal is looking to relaunch a loan supporting HIG Capital’s buyout of Converge Technology Solutions Corp., according to people with knowledge of the matter, four months after banks were forced to fund the deal when tariffs upended markets.

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