(Bloomberg) -- Deutsche Bank AG, JPMorgan Chase &
Co. and UniCredit SpA canceled the sale of 1 billion pounds ($2
billion) of loans for Alliance Boots Plc after failing to find
investors, two people with direct knowledge of the deal said.
The underwriters withdrew the offer of second-lien loans,
debt that ranks after senior loans for repayment, said the
people, who declined to be identified because the discussions
are private. Kohlberg Kravis Roberts & Co.'s bankers, which last
month pulled 5 billion pounds of senior loans, will only
syndicate 750 million pounds of mezzanine debt that ranks last
for repayment and pays the highest interest.
Read more at Bloomberg Bonds News
Co. and UniCredit SpA canceled the sale of 1 billion pounds ($2
billion) of loans for Alliance Boots Plc after failing to find
investors, two people with direct knowledge of the deal said.
The underwriters withdrew the offer of second-lien loans,
debt that ranks after senior loans for repayment, said the
people, who declined to be identified because the discussions
are private. Kohlberg Kravis Roberts & Co.'s bankers, which last
month pulled 5 billion pounds of senior loans, will only
syndicate 750 million pounds of mezzanine debt that ranks last
for repayment and pays the highest interest.
Read more at Bloomberg Bonds News
No comments:
Post a Comment