Blackstone selling two jumbo loans for F&R buyout: Reuters
Selldown of the jumbo US$13.5 billion financing backing Blackstone Group’s US$20 billion buy of a 55 percent stake in Thomson Reuters’ Financial and Risk unit is under way, sources told Reuters. A US$8 billion-equivalent Term Loan B is being shown to large institutional investors before an expected September launch, and a US$5.5 billion bridge loan to high-yield bond issues has also been launched. The US$13.5 billion financing, led by JP Morgan, Bank of America Merrill Lynch and Citigroup, is the largest buyout financing since the financial crisis.
29 June 2018•4 mins read
