KKR's Banks Fail to Sell $10 Billion of Loans for Alliance Boots Buyout

(Bloomberg) -- Kohlberg Kravis Roberts & Co.'s
banks, led by Deutsche Bank AG, failed to sell 5 billion pounds
($10 billion) of senior loans to fund the leveraged buyout of
Alliance Boots Plc, two people with direct knowledge of the deal
said.

KKR's eight underwriters will offer higher interest rates to
sell 1.75 billion pounds of junior loans, said the people who
declined to be identified because the discussions are private.
The banks will keep the senior loans on their balance sheets, the
people said.


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