Robust Credit Demand Sinks Gardner Denver Loan Cost

Global industrial manufacturer Gardner Denver this week raised $2.825 billion in leveraged loans to fund its acquisition by private equity sponsor Kohlberg Kravis Roberts & Co, sister service Thomson Reuters Loan Pricing Corp reported. Hefty demand for the loans sent yields on both the U.S. dollar and euro tranches below 5 percent, with the U.S. dollar TLB upsized by $100 million.