News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

KKR prepares to give ground on financing

Kohlberg Kravis Roberts has agreed to increase the pricing of the loans it is using to back the $26bn (€19bn) buyout of US merchant processes provider First Data, in a landmark move that could set precedents for the group's stalled buyouts over coming months amid riskier credit markets.

The buyout house is in talks with banks over the terms of $24bn in loans being used to finance the deal and had agreed to increase pricing by 25 basis points, broadcaster CNBC reports.

WSJ Logo