Banks are currently intensifying efforts towards selling a €465m (US$616m) leveraged loan used for private equity firm KKR’s acquisition of German operator Versatel, according to Reuters citing sources close to the matter.
The newswire further…
Banks are currently intensifying efforts towards selling a €465m (US$616m) leveraged loan used for private equity firm KKR’s acquisition of German operator Versatel, according to Reuters citing sources close to the matter.
The newswire further explains that banks, including Commerzbank, Credit Agricole, Deutsche Bank, and HSBC, are offering bigger discounts to try and clear their books before the end of the year.
In May, KKR said it would acquire Versatel for a reported €246m (US$326m) from United Internet, Apax Partners and Cyrte Investments.
