(Bloomberg) -- Deutsche Bank AG, JPMorgan Chase &
Co. and six more banks are stuck with 5 billion pounds ($10
billion) of loans for Kohlberg Kravis Roberts & Co.'s purchase of
Alliance Boots Plc.
The banks will keep the senior loans after failing to find
investors to buy them, said four people with direct knowledge of
the deal, who declined to be identified because the information
is private. The banks will sell 1.75 billion pounds of junior
ranking loans, after increasing the interest rate and using their
underwriting fees to discount the price by as much as 5 percent.
Read more at Bloomberg Bonds News
Co. and six more banks are stuck with 5 billion pounds ($10
billion) of loans for Kohlberg Kravis Roberts & Co.'s purchase of
Alliance Boots Plc.
The banks will keep the senior loans after failing to find
investors to buy them, said four people with direct knowledge of
the deal, who declined to be identified because the information
is private. The banks will sell 1.75 billion pounds of junior
ranking loans, after increasing the interest rate and using their
underwriting fees to discount the price by as much as 5 percent.
Read more at Bloomberg Bonds News
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