Daily News: July 21, 2014

JPMorgan, Others Lead Verizon Refi to Cut Acquisition Debt

Reuters reported that Verizon Communications is in the market with $11.3 billion in loans that will cut borrowing costs on debt backing the $130 billion takeover of Verizon Wireless from Vodafone Group Plc, the third-biggest acquisition in corporate history, sources told Reuters .

According to Reuters , JPMorgan, Citigroup, Bank of America Merrill Lynch, Barclays, Morgan Stanley and Wells Fargo are leading the refinancing.

To read the entire Reuters article, click here.