
Blackstone-owned PGP Glass is reportedly in discussions with lenders to roll over approximately $300 million in offshore loans. These loans, used for the 2020 acquisition of the company from the Piramal group, are due in March 2026. Most lenders have reportedly consented to the rollover, which is expected to provide Blackstone with additional time to prepare for an eventual exit from PGP Glass. The company supplies packaging for cosmetics, pharmaceuticals, and specialty foods.