The credit facilities backing the €5bn ($4.9bn) leveraged buy-out of Legrand by private equity firms Kohlberg Kravis Roberts (KKR) and Wendel Investissement were significantly oversubscribed after attracting strong interest from banks in the senior sub-underwriting phase.

Ten out of 14 banks invited to participate as lead arrangers agreed to participate. The transaction is being handled by mandated lead arrangers and joint bookrunners Credit Suisse First Boston, Lehman Brothers and Royal Bank of Scotland.