Reported about 1 month ago
Banks have launched $2.05 billion in leveraged loans to fund the buyout of Instructure Holdings Co., an educational software firm. This financing includes a $1.685 billion first-lien term loan and a $365 million second-lien term loan, aimed at closing the acquisition valued at $4.8 billion. Morgan Stanley and KKR Capital Markets are leading the financing efforts, with a lender call scheduled soon, reflecting a surge in leveraged buyout financings ahead of the US elections.
Source: YAHOO