Daily News: February 23, 2018

JPMorgan, BofAML, Citi Lead Blackstone Financing for Thomson Reuters Buy


Reuters reported JPMorgan, Bank of America Merrill Lynch and Citigroup are leading a syndicate of more than 20 banks to finance Blackstone Group‘s $13.5 billion loan and bond financing to acquire a majority stake in Thomson Reuters’ Financial and Risk.

According to Reuters, the deal consists of an $8 billion-equivalent term loan B, which is split between $5.5 billion and $2.5 billion-equivalent in euros.