Daily News: March 5, 2018

23 Banks Set to Join Syndicate for Blackstone’s TR Buy


Reuters reported that lead arrangers J.P. Morgan, Merrill Lynch and Citigroup have invited 23 banks to participate in the $13.5 equivalent loan facility to support Blackstone’s purchase of a 55% stake in Thomson Reuters’ Financial and Risk unit.

Reuters added that beyond the banks leading the financing, the biggest commitments for the transaction are from Wells Fargo, Morgan Stanley, Goldman Sachs and UBS.