More banks set to join financing for Blackstone's TR buyout: Reuters
The three banks leading the US$13.5 billion-equivalent loan and bond financing backing U.S. private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit are set to sign more banks into the deal, Reuters reported. Around 21 senior banks are expected to join the deal, which is being led by JP Morgan, Bank of America Merrill Lynch and Citigroup, and is the biggest buyout financing since the financial crisis. The lead banks invited 23 banks to join at the next level and underwrite 28 percent of the deal. Banks making the biggest commitments after the leads are Wells Fargo, Morgan Stanley, Goldman Sachs and UBS, several sources said. There could be six or seven tiers of commitments.
1 March 2018•3 mins read
