Deals
Biggest Leveraged Loan of 2018 Hits Market for Reuters Buyout
- Banks to start marketing $8 billion of Loans for Reuters deal
- Blackstone agreed to acquire 55% Reuters stake in January
The Reuters building in Times Square.
Photographer: Chris Hondros/Getty Images North AmericaThis article is for subscribers only.
Investors led by Blackstone Group LP will start marketing $8 billion of risky corporate loans next week to fund their buyout of Thomson Reuters Corp.’s financial-and-risk operations, according to people with knowledge of the matter. It would be the biggest leveraged loan offering of the year.
Underwriters led by Bank of America Corp. are holding investor meetings on Sept. 4 in London and Sept. 5 in New York for a seven-year $5.5 billion term loan and a $2.5 billion loan denominated in euros, according to people familiar with the matter who asked not to be named because the deal is private.