Daily News: February 14, 2018

BofAML, Barclays, Others Lead $2.5B Financing for EC Kroger Buy


Reuters reported that Bank of America Merrill Lynch, Barclays, Morgan Stanley, Deutsche Bank and UBS are leading the debt financing to support EG Groups’ acquisition of the Kroger Grocery chain’s convenience store unit.

The financing will be made up of $1.9 billion of term loans. The majority ($500 million) will be denominated of second-lien loans, while $200 million will be denominated in euros, Reuters reported.