Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Investors Shun EU 500 Million Jack Wolfskin Loans, Reuters Says

Aug. 26 (Bloomberg) -- Bank of America Merrill Lynch, Morgan Stanley, IKB Deutsche Industriebank AG and UBS AG failed to sell 500 million euros ($721 million) in loans granted to Blackstone Group LP for the leveraged buyout of German clothing retailer Jack Wolfskin to investors, Reuters reported yesterday, citing people familiar with the matter.

The banks are now evaluating to try again in half a year when markets may have calmed down, or issue high-yield bonds, Reuters said. Should the transaction fail, it would be the first time the placement of an LBO loan in Europe falters, Reuters said.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.