(Bloomberg) -- Kohlberg Kravis Roberts & Co. will
seek a record $16 billion of high-yield loans with the fewest
restrictions to help fund its buyout of First Data Corp., the
world's largest processor of credit-card payments.
Banks led by Credit Suisse Group agreed to provide a $14
billion seven-year term loan and a $2 billion six-year revolving
credit facility, Greenwood Village, Colorado-based First Data
said in a Securities and Exchange Commission filing yesterday.
The term loan, called covenant-lite, would be the largest of its
type, exceeding the $7.45 billion loan that was used to fund the
buyout of broadcaster Univision Communications Inc. this year.
Read more at Bloomberg Bonds News
seek a record $16 billion of high-yield loans with the fewest
restrictions to help fund its buyout of First Data Corp., the
world's largest processor of credit-card payments.
Banks led by Credit Suisse Group agreed to provide a $14
billion seven-year term loan and a $2 billion six-year revolving
credit facility, Greenwood Village, Colorado-based First Data
said in a Securities and Exchange Commission filing yesterday.
The term loan, called covenant-lite, would be the largest of its
type, exceeding the $7.45 billion loan that was used to fund the
buyout of broadcaster Univision Communications Inc. this year.
Read more at Bloomberg Bonds News
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