Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables
BCSBarclays(BCS) Businesswire·2024-02-27 21:00

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”). This is the first ...