KKR Cancels $1.4 Billion of Loans to Refinace Maxeda Buyout, Person Says

(Bloomberg) -- Kohlberg Kravis Roberts & Co.
cancelled 1 billion euros ($1.4 billion) of loans it was seeking
to refinance its 2004 leveraged buyout of Dutch home-improvement
retailer Maxeda BV, said a person involved in the transaction
who declined to be identified.

Maxeda spokesman Arnold Drijver in Amsterdam wasn't
immediately able to comment. Citigroup Inc. and ABN Amro Holding
NV had been hired to arrange the transaction.


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