(Bloomberg) -- Citigroup Inc., JPMorgan Chase & Co.
and four more banks won't back out of an agreement to finance
the $32 billion takeover of TXU Corp. if they fail to sell debt
issued in the deal to investors, two people with knowledge of
the situation said.
Kohlberg Kravis Roberts & Co. and TPG Inc. agreed in
February to take the Dallas-based power producer private. The
banks said they would sell as much as $26.1 billion in loans to
fund the leveraged buyout, the second largest after the planned
acquisition of Canadian phone company BCE Inc. by a group
including Providence Equity Partners Inc. and Madison Dearborn
Partners LLC.
Read more at Bloomberg Energy News
and four more banks won't back out of an agreement to finance
the $32 billion takeover of TXU Corp. if they fail to sell debt
issued in the deal to investors, two people with knowledge of
the situation said.
Kohlberg Kravis Roberts & Co. and TPG Inc. agreed in
February to take the Dallas-based power producer private. The
banks said they would sell as much as $26.1 billion in loans to
fund the leveraged buyout, the second largest after the planned
acquisition of Canadian phone company BCE Inc. by a group
including Providence Equity Partners Inc. and Madison Dearborn
Partners LLC.
Read more at Bloomberg Energy News
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