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Marketing for biggest leveraged loan of the year to start next week: Bloomberg

Published 08/28/2018, 05:25 PM
Updated 08/28/2018, 05:25 PM
© Reuters.  Marketing for biggest leveraged loan of the year to start next week: Bloomberg
  • Investors led by Blackstone Group (NYSE:BX) are set to start marketing $8B of leveraged corporate loans next week to finance their buyout of Thomson Reuters 's (NYSE:TRI) financial and risk business, Bloomberg reports, citing people familiar with the matter.
  • Bank of America (NYSE:BAC) is leading the underwriters who will be holding investor meetings on Sept. 4 in London and Sept. 5 in New York for a seven-year $5.5B term loan and a $2.5B loan denominated in euros, the people said.
  • The buyout financing also will include $5.5B in high-yield bonds, Bloomberg reported in February.
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