Jumbo debt package to back KKR's Laporte deal

KKR's $1.18bn (€1.34bn) buy-out of a group of Laporte's non-core businesses will require $925m of loan and bond financing, according to Chase and Merrill Lynch officials advising the buy-out shop.

Laporte-KKR plans to raise $620m in the loan market and $325m in the high yield bond market. The company has a bridge loan in place to tide it over until the bond issue, which could be several months away.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire