Deals
Sports Platform DAZN Gets $1.1 Billion Loan for Foxtel Takeover
- Citigroup, SocGen are among the nine underwriters of the loan
- Asia Pacific M&A financing activity is off to a good start
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British sports streaming platform DAZN Group Ltd. has lined up a A$1.8 billion ($1.1 billion) loan to finance its acquisition of pay-television and streaming company Foxtel Group in Australia, according to people familiar with the matter.
Some nine banks are underwriting the loan including Citigroup Inc., Commonwealth Bank of Australia Ltd. and Societe Generale SA., according to the people familiar, who asked not be named discussing a private matter. Lenders plan to launch the deal to general syndication in the coming weeks, the people added.