Friday, July 20, 2007

UPDATE 2-Boots extends loan deadline, to change terms

(Reuters) - LONDON, July 20 - UK health and beauty retailer
Alliance Boots is revising the terms on 9 billion pounds of bank
debt backing its buyout by Kohlberg Kravis Roberts and is
extending the deadline for investors to commit to the deal, one
of the debt arrangers said on Friday.




The stakeholders in the deal have yet to come to a consensus
on the details of the changes, which involve adjustments to the
pricing and the structure, although it is hoped that this will
happen over the weekend, a spokeswoman for Deutsche Bank said.


Read more at Reuters.com Mergers News

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