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ThyssenKrupp Elevator Buyout Seeks Additional $4.6 Billion Debt

  • Bonds to help fund private equity group’s elevator unit buyout
  • Financing comes on top of proposed 3.05 billion-euro loan
World's Tallest Elevator Test Tower At Thyssenkrupp Elevator AG
Photographer: Krisztian Bocsi/Bloomberg

Bankers have launched the remaining part of the jumbo debt sale backing the acquisition of ThyssenKrupp AG’s elevator unit, Europe’s largest leveraged buyout in a decade.

The new 4.05 billion euro ($4.6 billion) bond offering, denominated in euros and U.S. dollars, comes in addition to a proposed cross-border 3.05 billion euro loan issued on Monday to finance the acquisition, according to people familiar with the matter who asked not to be identified because they’re not authorized to speak about it.