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Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

LONDON & NEW YORK, February 27, 2024--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"). Thi

United-states , United-kingdom , London , City-of , America , Marina-shchukina , Anna-cross , Robert-horn , Jon-tracey , Denny-nealon , Barclays-group , Barclays-plc

Barclays PLC: Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

Barclays PLC: Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables
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China , United-kingdom , United-states , America , Robert-horn , Kate-holderness , Anna-cross , Marina-shchukina , Denny-nealon , Jon-tracey , Barclays-us-consumer-bank , Us-securities-exchange