Banks are preparing to launch the sale of around €4bn of acquisition financing to support Carlyle Inc’s buyout of the coatings business of BASF SE, according to a report by Bloomberg citing people familiar with the matter. The package is expected to include dollar- and euro-denominated leveraged loans alongside euro senior secured notes, with syndication targeted for late March or early April.
Bank of America and Goldman Sachs are reportedly among the lenders arranging the financing. Carlyle and...
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