Barclays secures $2.8B in loans for Conte's deal
A group of banks led by Barclays Bank is planning to arrange $2.8 billion in financing to support the acquisition of Conti Tech by Lone Star Funds. The deal includes a €1.9 billion loan and €500 million high-yield bonds, which will be offered to investors in the leveraged loan market later this month. This transaction follows similar recent acquisitions that were financed in a comparable manner and reflects strong demand in the leveraged loan market.
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