Kinetic Concepts Said to Seek $2.6 Billion Term Loan for LBO
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Kinetic Concepts Inc. plans to finance its leveraged buyout by a group led by Apax Partners LLP with a $2.6 billion term loan, the second-largest such debt offering this year, according to two people with knowledge of the deal.
The debt financing also includes $1.25 billion of senior secured notes, $900 million of senior unsecured bonds and a $200 million revolving credit line, said the people, who declined to be identified, because the details haven’t been disclosed.