Deals
Veritas's $5.5 Billion Debt Funding Carlyle LBO Said Pulled
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After two weeks of trying to peddle debt backing the largest private-equity buyout of 2015 Wall Street’s biggest banks have given up -- at least for now.
Lenders led by Bank of America Corp. and Morgan Stanley postponed marketing $5.5 billion of loans and bonds they underwrote to finance Carlyle Group LP’s takeover of Symantec Corp.’s data-storage business as investors shy away from riskier corporate debt, according to two people with knowledge of the matter, who asked not to be identified because the information isn’t public.