Reported 1 day ago
Private credit lenders are negotiating to provide around $4.5 billion in debt to facilitate Sycamore Partners’ potential acquisition of Walgreens Boots Alliance. The plan involves splitting the pharmacy retailer into separate businesses, and could form part of a larger $12 billion financing package, which may value the company at nearly $20 billion. Major banks and lenders are actively competing to finance this significant leveraged buyout deal.
Source: YAHOO