Santander-Led Bank Group Stuck With Some Debt for Verint Buyout

A group of banks led by Banco Santander SA will be forced to keep a portion of the $2.7 billion financing to support Thoma Bravo’s acquisition of customer-service automation business Verint Systems Inc., according to people with knowledge of the matter.

The deal is the most recent example of a buyout financing that banks have struggled to sell to leveraged loan investors, and would therefore have to fund at least part of the LBO themselves.