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Software firm Medallia to get injection of cash from creditors

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Blackstone, Apollo Global Management Inc. and FS KKR Capital Corp. are injecting $150 million of new capital into software firm Medallia.

The move comes as Medallia's owner Thoma Bravo said it would not make new investments in the company.

The money from the Blackstone-led group of creditors will curb Medallia's debt.

Read more from Bloomberg.

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