Bank trio lead $13 bln debt for Blackstone's Thomson Reuters unit bid: Reuters
Banks are lining up a jumbo leveraged financing of around US$13 billion to back U.S. private equity firm Blackstone Group’s potential acquisition of a 55 percent stake in the Financial and Risk business of Thomson Reuters Corp, banking sources told Reuters. Bank of America Merrill Lynch, Citigroup and JP Morgan are expected to lead the debt financing, if the deal goes ahead, with several other banks due to the large size of the underwriting, the sources said. The deal values the Thomson Reuters unit at about US$20 billion. Although the size of the financing is challenging, liquid banks and investors are eager to lend to new buyouts as the strong level of global demand continues to exceed supply.
30 January 2018•2 mins read
